Milan: budget adjustment totalling 203 million. Increased spending on public transport and salaries
Public transport has exceeded the one-billion mark this year
In Milan, a summer budget adjustment of 203 million, up on previous years. The starting point is that the council’s expenditure is rising partly due to external factors – from inflation to energy costs – and partly because certain sectors, foremost among them local public transport, are demanding ever-increasing resources: this year, local public transport expenditure has exceeded the one-billion-euro mark.
The main expenditure items included in the budget will be covered by a surplus of 165 million and, for the remainder, by a combination of cuts and increased revenue. This is a balance that Palazzo Marino is “accustomed” to achieving during the summer months, with a steady increase in budgeted expenditure. From 2022 to the present day, the figure has risen from 75 million to the current 203 million, the highest figure of the last five years.
Here is how the increased expenditure will be allocated: 77 million will go towards public transport operated by the subsidiary ATM; staff costs will rise by 32 million (including 16 million to cover pay rises); 19 million will go to welfare; 12.7 million to culture; 9.5 million to housing; 9.6 million to property maintenance (for ancillary services, cleaning of schools and nurseries); 6.5 million to education; and 3 million to green spaces. It should be noted that energy costs for heating and electricity have risen by 15.3 million.
As regards the capital account, the largest items of expenditure amount to 322 million, of which 100 million is for the Housing Plan.
The impact of transport is growing
