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More money in the wallet – Lucerne residents can look forward to a small tax cut

The Lucerne Cantonal Council has approved the 2022–2025 task and financial plan (AFP) and the 2022 budget. With expenditure and income of around 3.8 billion francs each, this provides for an income surplus of around 18 million francs. For the years 2023 and 2024, the canton expects slight deficits and from 2025 onwards, the calculation should be positive again. The stabilized financial budget makes it possible for more money to flow into future-oriented projects in the future. The canton invests in measures to protect the climate and provides additional funds for individual premium reductions. In addition, taxes for private individuals and companies are falling. Parliament has approved a proposal by the Planning and Finance Commission to reduce the tax rate from 1.7 to 1.6 units by 2022.

While this cut doesn’t sound like much at first glance, it still leaves a welcome amount in the taxpayer’s wallet. If you have an income of around 80,000 francs and have no assets, you have to pay 320 francs less in taxes. A family who has an income of 100,000 francs and still has the same amount of assets is relieved of around 349 francs. Companies also benefit slightly from the tax cut. The SVP, FDP and a majority in the center have spoken out in favor of the tax cut. The SP, Young Greens / Greens and GLP, like the government council, wanted to reduce taxes gradually or not at all. In the end, the yes votes prevailed with 61 against 52 against with one abstention.

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