Boseong-gun Secures 232.4 Billion Won in Local Allocation Tax... Largest Ever

[Boseong=Asia Economy Honam Reporting Headquarters Reporter Kim Chunsu] Boseong-gun, Jeollanam-do announced on the 3rd that it secured a total of 232.4 billion won in local allocation tax, the largest ever, ranking first among county-level units in Jeollanam-do in the 2021 increase of local allocation tax.

At a time when budgets are being tightened due to COVID-19, Boseong-gun's local allocation tax increased by 3.3 billion won compared to the 229.1 billion won allocated in 2020, marking the largest increase among county-level units.

It is analyzed that the nearly 50% increase in real estate allocation tax and the lowest reduction rate in ordinary allocation tax compared to other cities and counties led to this first place in local allocation tax increase.

County Governor Kim Cheol-woo said, "With the stable securing of next year's allocation tax, we can accelerate the promotion of pending projects for residents," and added, "I also thank the citizens and public officials of Boseong-gun who worked hard to secure the largest allocation tax ever, even in a situation where budgets are being cut due to COVID-19."

Meanwhile, local allocation tax accounts for 44% of Boseong-gun's revenue, making it a very important resource, and unlike national subsidies, it can be used autonomously by local governments.

The secured 232.4 billion won will be invested in pending projects such as △Living SOC projects, △Marine leisure tourism hub development projects, and △Marine mudflat network construction and trail development projects.

This content was produced with the assistance of AI translation services.