Editing Vantaa (section)

===Economy of the city of Vantaa===
[[File:Finnair headquarters 02.JPG|thumb|[[Finnair]] headquarters]]
[[File:Jumbo Park.JPG|thumb|The [[Jumbo shopping centre]] in the [[Pakkala]] district of Vantaa is the third largest [[shopping centre]] in Finland.]]
In the latest years, Vantaa has stabilised its economy via an economy and debt program accepted in 2012. The growth of the loan stock was stopped by the end of the council term from 2013 to 2017. In 2016 the city managed to decrease its loan stock a little, which had grown to over one billion euro.

Vantaa has been in increasing debt since the early 2000s, due to a decrease in state funding and an increase in investments. A contributing factor to its situation is the high concentration of families with children, leading to comparatively larger social expenditure.<ref>[http://www.asukasomistajat.com/content/pdf/Kuntakonsernianalyysi-Vantaa.pdf Vantaan kuntakonsernianalyysi 2005], Bo-Erik Ekström 28.10.2005.</ref> According to the former mayor Juhani Paajanen, the worst expenditures have ended, and the city's gains are increasing.<ref>[http://www.vantaanlauri.fi/arkisto/2006/2006-01-12/ajankohtaista/Kaupunkien_yhdistaminen] {{Webarchive|url=https://web.archive.org/web/20121215015328/http://www.vantaanlauri.fi/arkisto/2006/2006-01-12/ajankohtaista/Kaupunkien_yhdistaminen|date=2012-12-15}}</ref>

On a nation-wide perspective, Vantaa has a high level of tax income, but in perspective of the capital region, the tax income of Vantaa is lower than those of Espoo and Helsinki. The state subsidy system and its stabilisation of tax income based on a nation-wide comparison have been seen as problematic because of special challenges of the cities in the capital region and because of constant rapid growth.

The municipal tax in Vantaa is 19.00%, which is clearly below the average in Finland and one of the lowest in the large cities.<ref name="valkama">Valkama, Pekka: [https://www.hel.fi/hel2/tietokeskus/julkaisut/pdf/17_04_25_Tyopapereita_5_Valkama.pdf Suurten kaupunkien vuoden 2016 tilinpäätöskooste], information centre of the city of Helsinki. Accessed on 27 September 2017.</ref> The last time Vantaa raised its municipal tax was in 2010. The state of Finland has raised the lower limit of the property tax because of new legislation.

In a comparison of characteristic figures of large cities Vantaa has developed positively in the latest years. In regard to municipal concerns and financing various investments, the differences in loan amounts in the cities have balanced out.<ref name="valkama"/> In the early 2000s over half of the city's debt consisted of rental apartments owned by the city (managed by the company VAV Asunnot Oy). On the other hand, the city ended up in a crisis mainly because it had made large investments in its own balance with borrowed money. The city has hardly sold any of its property in the early 2000s.<ref>Ekström, Bo-Erik; Board & Management Services Oy: [http://www.asukasomistajat.com/content/pdf/Kuntakonsernianalyysi-Vantaa.pdf Vantaan kuntakonsernianalyysi 2005], Asukasomistajat 28 October 2005.</ref>