Lipetsk will receive an additional 946 million rubles from personal income tax in 2027

The budget of Lipetsk may receive about 946 million rubles of additional income in 2027 due to a change in the procedure for the distribution of personal income tax (PIT). Instead of subsidizing from the regional budget, the city will keep a large share of the tax collected on its territory. This decision was unanimously supported by the City Council.

At the session, they agreed to replace the grant for equalizing the budget security with additional standards for deductions from personal income tax. The new scheme is designed for 2027 and the planning period 2028-2029. The main standard of deductions is proposed to increase to 3.04%.

According to the chief financier of Lipetsk Tatiana Grigorova, the funds that will be received under the additional standard in excess of the estimated subsidy will remain in the city budget. The state budget cannot remove them.

In total, in 2027, the city plans to receive about 5.5 billion rubles from personal income tax. As noted in the city Council, such a scheme already shows efficiency due to stable tax revenues.

Additional standards for deductions are set for a minimum of three years and cannot be changed during the financial year. This allows the city to plan revenues for several years ahead.