Municipal revenue of Tel Aviv for November and December has exceeded the expenditures and will be large enough to cover the deficit of September and October, created before the city recovered from the atmosphere of the disturbances.
Perhaps for the first time, Tel Aviv closed the fiscal year with a small surplus. Total revenue was $410,000 and the city repaid $130,000 in debts and interest. The proposed budget for 1930 is $450,000 which the government is expected to approve while the budget of Jaffa has been reduced to $150,000, owing to many Jews leaving there for Tel Aviv since the riots. Tel Aviv has 10,000 taxpayers as compared with 8,000 in Jaffa.
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