What does the annual budget process look like?
The mayor prepares the budget proposal annually for the next calendar year and the economic plan for the next three years.
The City Board discusses the budget proposal twice in October-November. The City Council then discusses the budget proposal twice in November. On the first occasion, the City Council decides on the local taxes and property tax for the next year. The budget will be approved in the second meeting.
Because Finland's official languages are Finnish and Swedish, the budget is published in Finnish and Swedish only. Annual reports, however, are also published in English.
The City Board must approve a respective year's financial statement by the end of March of the following year. The financial statements must be presented to the City Council before the end of June. Once it has received the audit report and the Audit Comittee's evaluation, the City Council decides on the approval of the financial statements and the release from liability.