Proposal: Drought levy to be postponed, 40% increase in water prices

Proposal Drought levy t

November 12, 2009 11:00

The drought levy will be postponed for four months, from January 1, 2010 until mid April, according to a compromise reached by the Knesset Finance Committee on Wednesday, Israel Radio reported Thursday. The proposal, which still needs to be approved by Prime Minister Binyamin Netanyahu, calls for a gradual yet significant (40 percent) increase in water prices.

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