Towns and cities always had to look after their budgets, so they collected taxes, customs duties, tolls and ‘ungelt’ goods tariffs. The most common form of tax was paid twice a year, in an amount dependent on the assets of each respective citizen. Another source of civic revenue money were monies made by the City Council or the City Court for the making of contracts, documents, records, and other ongoing activities. Fees and taxes were paid by the city residents based on their business, levied on products sold or services provided. The treasury also collected money for interest payments, fines, building funds, loans and various forms of letting and rentals to serfs. Written records were maintained of all revenues.
The City Council paid out some of the money for the purchase of real estate, paid the nobility for defence and security, invested in schools, civic cultural development, churches, administration and the salaries of city officials, construction, operation and maintenance and the upkeep of municipal buildings.
Towns and cities always had to look after their budgets, so they collected taxes, customs duties, tolls and ‘ungelt’ goods tariffs. The most common form of tax was paid twice a year, in an amount dependent on the assets of each respective citizen. Another source of civic revenue money were monies made by the City Council or the City Court for the making of contracts, documents, records, and other ongoing activities. Fees and taxes were paid by the city residents based on their business, levied on products sold or services provided. The treasury also collected money for interest payments, fines, building funds, loans and various forms of letting and rentals to serfs. Written records were maintained of all revenues.
The City Council paid out some of the money for the purchase of real estate, paid the nobility for defence and security, invested in schools, civic cultural development, churches, administration and the salaries of city officials, construction, operation and maintenance and the upkeep of municipal buildings.