Tavira budget increases by €9.5 million compared to 2024
The municipal council of Tavira has announced an impressive budget of €51 million for 2025, marking an increase of €9.5 million compared to 2024.
The budget was approved with four favourable votes from the PS (Socialist Party) majority, which outweighed the three votes against the proposed budget by PSD (Social-Democratic Party).
With part of the investments backed by the Recovery and Resilience Plan (PRR), the municipal council has set aside around €13.7 million for investments in “people and families”, while €2.1 million will go into projects related to the local cultural identity, the council says. Other sizable investments will be made in the borough’s economic development (€2.2 million), as well as its environmental sustainability (€7.5 million).
When it comes to taxation, the council has set the IRS rate at 2.5% and the IMI rate at 0.30%. Degraded properties will face higher rates, while benefits will be extended to families with dependents, landlords renting properties, and homeowners benefiting from a two-year tax exemption extension.
Cited by Lusa news agency, the council says the approved budget will enable Tavira to launch several pivotal projects in 2025, including the construction of an outpatient medical unit, expansion of social housing, and the revitalisation of public spaces, sports infrastructures and roads in several parishes in the municipality.
Ongoing initiatives will also continue, including sports promotion programmes, cultural activities such as Tavira’s celebrated summer events, and the Mediterranean Diet Fair.
Social support programmes for purchasing medication, renting, and scholarships are also among the initiatives highlighted by the municipality.
“People and families are the foundation of our society, and concern for them must always come first. We want Tavira to be a municipality with greater quality of life and equal opportunities for all its residents, which is why we prioritise education and social support for those in greatest need,” the local authority says.
