Nyon tax hike avoided: debt to increase

How to pay for Nyon’s future CHF 70 million sports and education complex was put to the vote this week. In a vote 55 to 34, right wing parties rejected a proposal to raise tax by 5 points claiming it can be funded out of annual revenues. The left argue that a tax hike is necessary to control borrowing which currently costs the commune CHF 2 m annually to service.