Budget lock in Kaufbeuren: City fights against millions of deficit!

Budget lock in Kaufbeuren: City fights against millions of deficit!

Kaufbeuren, Deutschland - In Kaufbeuren, the financial crisis strikes with full force! From November 7, 2024, the city will be forced into a budget lock, which will continue until the end of the financial year. This is the first budget lock since 2003 and it is no coincidence! A massive deficit in the earnings budget caused by the increasing operating losses of the municipal company Clinics Ostallgäu-Kaufbeuren as well as exploding expenses in youth and social assistance, the city forces to drastic measures.

But that's not all! The impending provisions for the rising district levies and a negative cash flow that continues almost all year round are adding the urban budget. The city administration now has the task of achieving a positive contribution of around three million euros by the end of the year in order to limit the financial burdens. A huge feat that will affect many areas!

massive cuts in the administration

The budget lock will particularly hit the city's factual and services hard. In the coming days, drastic cuts in the expense area and adjustments to the larger budgets of the city administration will be planned. These budget items, which include a volume of around 32 million euros, are on the brink! A detailed elaboration of these cuts will be expected shortly, while expenses that can be postponed such as salary payments and ongoing invoices are excluded from the lock.

The city of Kaufbeuren is facing a financial test, and the coming weeks will be crucial to set the course for a more stable future. Citizens can be excited to see how these dramatic developments will affect the city!