Locally generated taxes now account for 30 percent of city budgets, up from virtually zero in 2014

Locally generated taxes now account for 30 percent of city budgets, up from virtually zero in 2014, President Poroshenko told a congress of mayors and city managers in Kyiv on Monday. With this revenue decentralization, cities have real incentives to attract more investment. Foreign business associations say Ukrainian cities increasingly compete with each other for new factories and offices.