'Arnona Fund' bill passes first vote in Finance Committee

The "City Tax Fund," known in Israel as the "Arnona Fund," passed a vote in the Finance Committee on Monday evening and will now be sent to the Knesset for a second and third reading.

"This law is great news for the citizens of Israel. We deal with the cost of housing from the root, not band-aids. This fund will stimulate the construction of apartments, increase the supply and lower housing prices," Finance Minister Bezalel Smotrich commented.

Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use and privacy policy