Responsible financial management is the foundation of a strong community and better services for the residents of Seltjarnarnes. One of our most important tasks is to ensure that municipal funds are used with foresight and discipline to support strong infrastructure and improve quality of life for the future. This requires an integrated approach in which financial stability and sound governance go hand in hand.
It is clear that the challenges arising from accumulated deficits and rising debt over the past decade must be addressed. The municipality’s debt burden has significantly limited its ability to maintain and develop infrastructure. We will ensure balanced operations by strengthening revenue sources and improving efficiency without reducing essential services. All procurement and major projects must be managed professionally and through competitive tendering in order to maximize the use of funds and safeguard shared assets in the long term.
We will restore financial stability and strengthen the community
- Streamline municipal operations while safeguarding core services, ensuring that residents continue to receive high-quality services despite greater demands for efficiency.
- Increase transparency and accountability through regular reporting and open financial disclosure, so that residents can clearly see how public funds are used.
- Strengthen long-term revenue by developing the town center and attracting more businesses to the peninsula.
- Maintain municipal assets consistently in order to protect their value and avoid costly repairs.
- Generate new tourism revenue by improving facilities and management at Grótta.
- Present realistic budgets in which revenues cover expenditures, ensuring that today’s decisions do not place a burden on future generations.
- Reduce municipal debt systematically to lower interest costs and create room for necessary infrastructure investment.
- Manage municipal assets professionally to maximize the value of real estate and capital assets.
- Increase purchasing power through transparent procurement and ensure that all major projects are subject to open tendering processes.