'More freedom to increase the Irpef for the rich'
by Sara Monaci
4' min read
4' min read
It seems strange, after so many complicated budgets, but this year Emmanuel Conte, Milan's budget councillor, is breathing a sigh of relief. There are always problems, as in all big cities, let's be clear. But for the 2025 forecast Conte claims to have 'improved the accounts in a structural way'. A more stable exercise therefore, based on a framework that can be counted on in subsequent years. It is from this starting point that Conte tries to launch a new platform of requests to the government, including the one that Milan too can be free to manage and increase the Irpef tax for the highest incomes, while today it cannot rise above the 0.8% ceiling.
Assessor, let us start for once with the best aspects of this budget estimate.
We have made choices that consolidate the budget in a structural way. I am not just referring to the tourist tax, which we have chosen to increase by 2 euro, up to a ceiling of 7 euro for 5-star hotels, even if only for the Jubilee year, the only possibility given to us by the government for now. But I am talking above all about the decision to buy back Metro 4, increasing its profitability, thanks to the possibility of renegotiating and lowering the interest rate to 4.5% with the banks. In concrete terms, this means that in future years we will reduce the rent charged to the municipality by 15 million.
Strengthening the budget in a structural way does not mean that the problems disappear, but that we are stronger in dealing with exogenous shocks such as those we have recently seen, from the pandemic to the energy crisis to inflation, in order to guarantee welfare. This is a political choice that I claim.
In terms of political choices, there would also be the unpopular one, proposed by the PD, of increasing the Irpef to 0.9% for the highest income earners.


