This budget is the first since last year's municipal elections, which means it's the first to be put forward under the leadership of Green Left mayor Sisse Marie Welling, Copenhagen's first overborgmester or Lord Mayor who is not a Social Democrat.
The parties involved in the agreement are the Green Left, the Red-Green Alliance, the Social Democrats, the Social Liberals, the Liberals, Liberal Alliance, The Alternative, and the Danish People's Party. The Conservatives and the Independent Greens are not part of the agreement.
More housing
A total of 30 million kroner has been put aside for 2027 to create more andelsboliger, a cheaper type of housing where the buyer buys a portion of the housing association where an apartment is located rather than buying the apartment outright.
According to the agreement, the eight partires have agreed to "put aside funds to continue to support the creation of new andelsbolig associations buy buying and becoming a part of 120-150 associations as a temporary member, as well as funds for processing cases and the forskelsafgift [a fee paid when taking over part of an association]."
'Greener' city
The agreement also includes measures to make the city "greener", as well as a new focus on welfare.
"Despite political differences we have negotiated with each other," Welling said in a press statement. "That's important, because we need to collaborate if we're going to make the best city for Copenhageners. I'm proud that this agreement has secured more housing for Copenhageners, taken responsibility for making sure children thrive here, and made sure that there will be more greenery in the city."
More expensive parking
Last year, all parties in the city council were part of the budget agreement, but this year, two parties have withdrawn their support.
According to Jakob Næsager, from the Conservatives, his party withdrew their support because of a decision to raise the price of parking permits.
"We experienced tough confrontation from the left wing in particular, and the Lord Mayor was not receptive," he said, adding that Welling "does not want to unite all parties behind next year's budget."
Parking permits will rise from 1,270 kroner for electric and hydrogen cars, and electric motorcyceles, to 1,905 kroner, while permits for petrol cars will rise by between 200 and 1,035 kroner depending on fuel efficiency.
This is part of a 77 million kroner package going towards "city life, parking and making the city more green".
More money to welfare
A total of 1.675 billion kroner will be allocated to expanding schools as the city grows, with 1.138 billion going towards renovation and upkeep of the city's existing buildings. Another 1.154 billion will go towards social services.
Money has also been allocated to building more sports facilities, financing a "dementia package", strengthening businesses, climate measures and "making it easier to be a cyclist in Copenhagen," according to the press statement.
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