finance

Copenhagen Sets Income Tax Rate, Funds Cycling and Climate Action

Copenhagen City Council agreed on the 2026 municipal budget with specific tax and spending measures.

By The Daily Copenhagen · Published 25 July 2026

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Copenhagen City Council unanimously agreed on the 2026 municipal budget according to item [29].

The budget reduces income tax by 0.11 percentage points to 23.39 percent and allocates over 600 million DKK for cycling projects as stated in items [29] and [56].

It includes 175.5 million DKK for a climate package to reduce CO2 emissions and 380 million DKK for education to ensure two professional Danish and Math teachers for 8th and 9th graders in all schools according to item [29].

The City Council unanimously approved a new municipal plan aiming to construct 40,000 new homes over 12 years to address housing shortages as the population is expected to exceed 750,000 by 2050 as stated in item [56].

Sources: perplexity-sonar, perplexity-sonar.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.

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