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.

Revenue and Expenditure at City of Torrelodones

Year

Budget data for

  • Actual total
    • Revenue

    • Expenditure

  • Budgeted total
    • Revenue

    • Expenditure

Budget indicators

Budget indicators are calculated using actual revenues/expenditure figures for the years whose liquidation is closed, and approved budget figures otherwise.

Data sources

Note

  • 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.