Runavik expects 22.5 million kroner budget surplus in 2027

Runavik Municipality expects a budget surplus of 22.5 million kroner next year, according to KVF, after the municipal council approved the 2027 budget at its first reading.

The budget projects revenues of 340 million kroner, operating costs of 254 million kroner and investments of 48 million kroner. The tax rate will remain at 21.5 per cent, unchanged from this year.

The child tax deduction will rise to 11,500 kroner. This year, Runavik’s deduction is 10,500 kroner, the second highest among municipalities; only Fugloy Municipality has a higher deduction, at 12,000 kroner.

The municipality’s debt is currently 55 million kroner below the debt ceiling. The budget’s second reading is scheduled for November 26.