Jerusalem City Hall announced agreement has been reached with the treasury regarding requests for additional funding from the national government. The agreement was closed on Sunday evening 7 Shevat.

In line with the agreement, an additional NIS 205 million will be forthcoming to balance the city’s budget. This in addition to NIS 50 million received in the last fiscal year.

The treasury also agree to a significant increase in funding for continued development of the city and towards this goal, a joint team will be formed with representatives of the city and Finance Ministry.

Needless to say Mayor Nir Barkat lauded the agreement and he was full of praise for Finance Ministry officials.

(YWN – Israel Desk, Jerusalem)