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Illegal borrowing by Vaud municipalities (Swiss Press Text 2018, by Stéphanie Arboit) - Swiss Press Award

Quotidien 24 heures, print + web

Text
2018

Stéphanie Arboit

To incur debt, municipal executives must obtain the green light from elected officials. However, they often do without, believing they are free to do so. In reality, these practices are completely illegal. My attention was drawn to the case of Veytaux, which, without requesting authorization from its municipal council, borrowed 1 million (out of a budget of 6 million).

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