sveitarsjóðir
Sveitarsjóðir, often translated as municipal funds or local government funds, are financial resources managed by local authorities in Iceland. These funds are derived from various sources, primarily property taxes collected from residents and businesses within the municipality's jurisdiction. Additionally, municipalities can receive grants and subsidies from the national government to support specific projects or services.
The primary purpose of sveitarsjóðir is to finance the diverse range of services that local governments are
Local governments have a degree of autonomy in how they utilize their sveitarsjóðir, allowing them to prioritize