community
Copenhagen Council Cuts Taxes, Plans 40,000 New Homes by 2038
The council set income tax at 23.39 percent and endorsed a plan to build 40,000 new homes over 12 years.
How we reported this
Copenhagen City Council unanimously agreed on the 2026 municipal budget, reducing income tax by 0.11 percentage points to 23.39 percent according to item 29 and item 56.
The budget allocates over 600 million DKK for cycling projects, 175.5 million DKK for a climate package, and 380 million DKK for education according to item 29.
The council unanimously approved a new municipal plan aiming to construct 40,000 new homes over 12 years as the population is expected to exceed 750,000 by 2050 according to item 29 and item 56.
Copenhagen’s latest municipal plan requires that 50 percent of new residential floor space must consist of homes at least 95 square metres on average while the remaining 50 percent can be smaller homes according to item 3.
Sources: perplexity-sonar, perplexity-sonar, perplexity-sonar.