Federation of Local Authorities vows it will not participate in Arnona Fund plan to redistribute municipal taxes, as Knesset Finance Committee votes to approve measure

Lapid supports walkout, while finance minister says move is 'wanton and irresponsible'; Gantz calls proposal discriminatory, as plan expected to be appended to Arrangements Bill

Smotrich looking to compel cities to end strike that has shuttered schools and services in dozens of towns; Labor MK threatens to go to court, says move discriminates against Arabs

Cites including Tel Aviv, Holon, Ashdod, Haifa shut schools, halt garbage collection and welfare services; ex-welfare minister: Many areas need aid, but not with 'ugly highjacking'

Coalition plans to create a tax fund that will draw resources from wealthier communities and redistribute them to poor or more far-flung localities

New proposals aim to reduce tax-exempt rental income for homeowners with more than one property and generate billions of extra shekels in state revenue

Bank of Israel says to increase tax on housing and cut it on land zoned for business and commerce to help encourage residential construction