10 — Finances 10. Attach a copy of city´s projected WDC budget. Document should include expected expenses, as well as a record of where the funds are to be drawn. a. Provide an overview of the financial support that will be given to the WDC 2012 project of by the various levels of government (i.e.national, regional and/or local authorities). 1. Primary budget Funding covers: • Programme • Promotion • Organisation Funding: • Municipalities: 6 m€ • Government: 5 m€ • Other sources: 4 m€ (independent funds, foundations, companies, sponsoring) Total budget: 15 m€ (19.8 million USD) NB: In addition to direct government taxation there is also a major municipal income tax in Finland. Financial commitments from municipalities are based on this independent direct tax. 2. Supporting budgets Events and other programme: In addition to the specific WDC 2012 budget, various events and other parts of the official programme operate on their own independent budgets. The main funding for these events is based on various sources and not fully included in the primary budget. New builds and area developments: Building and area development projects included in the Helsinki WDC 2012 application are not included in the primary budget. Aalto University: The new university, which is a combinaton of the University of Technology, the Helsinki School of Economics and the University of Art and Design, has its own budget. This figure is not included in the primary budget. b) Include letter(s) of guarantee from all major parties See letters included in question number 3. c) Provide information on any projected elections that might impact the sustainable support of the WDC. Describe how election outcomes would affect the above-mentioned funding. Municipal elections were hold in the end of 2008, and the next election will be at end of 2012, so these will not impact the budget. Parliamentary elections will be held in 2011, so they will also not affect the budget. It’s also worth mentioning here that in the Finnish political system, a government’s decision to support international designation applications is respected by future governments.
Open Helsinki — Embedding Design in Life
World Design Capital 2012 Application