The route of taxes
1. Local revenue
This is collected through direct taxes (e.g. property tax) and municipal charges (e.g. for rubbish collection).
2. Other revenue sources
The municipal budget receives other revenue, mainly from Spain’s central government and the Madrid regional government, which are responsible for collecting other revenue, e.g. from VAT and income tax.
3. What is it used for?
The City Council uses the municipal budget to maintain public services and the city’s infrastructures.
Budget data for
Budget indicators are calculated using actual revenues/expenditure figures for the years whose liquidation is closed, and approved budget figures otherwise.
- Budget data · City of Torrelodones
- Population data · Spain’s National Statistics Institute (INE)
- Inflation data (annual average CPI for Madrid) · Spain’s National Statistics Institute (INE)
- Income and expenditure budget data for the City of Torrelodones.
- Inflation is adjusted to 1st of January, 2018. The annual inflation rate is the 12-month average of the year-on-year rate.