Sigmaringen in debt chaos: One of the poorest communities in BW!

Sigmaringen in debt chaos: One of the poorest communities in BW!

According to a current analysis, the city of Sigmaringen is one of the poorest communities in Baden-Württemberg, measured in terms of per capita debt. According to a report by schwaebische.de The debt per capita in Sigmaringen is 4,535 euros, which puts the city in 19th place out of 1,101 municipalities in terms of debt (as of December 2023). In comparison, Bad Liebenzell has the highest per capita debt in the state at around 8,200 euros.

In Sigmaringen, the municipal debt totals almost three million euros. The majority of the liabilities, around 56.5 million euros, fall on the municipal utilities, with around 37 million euros recorded as debts to the city itself. The city plans to transfer 11.5 million euros to the municipal utilities, which further limits the financial scope. In addition, interest and repayment must be made for old debts amounting to almost 19 million euros, which are outsourced to a municipal company and do not appear in the core budget.

Public financial situation in Baden-Württemberg

In a comprehensive analysis of statistic-bw.de It was found that a total of 101 of the 1,101 municipalities in Baden-Württemberg were debt-free as of December 31, 2023. These debt-free communities have no loans, cash advances or securities debts in their core budget or in-house operations. Interestingly, most debt-free communities have under 10,000 residents, including only a few that have over 10,000 residents.

The analysis also shows that the average per capita debt in Baden-Württemberg is 1,469 euros, with urban districts having a higher debt of 2,274 euros compared to district municipalities with 1,286 euros. A comparison of the municipalities also shows that 289 municipalities have a higher per capita debt burden than the national average, and 163 of them exceed the limit of 2,000 euros per inhabitant.

– Submitted by West-East media