Schwerin plans 14 million euros deficit: social spending explode!

Schwerin plans 14 million euros deficit: social spending explode!

Stand: 22.10.2024 5:30 p.m.

The city of Schwerin faces a financial challenge for the coming year! The budget for 2025 stipulates that the expenses for breathtaking 14 million euros will be higher than the income. The decisive position of "social security" stands out, with over 160 million euros that are planned for this. That is a whopping 18 million more than in the current year! Money flow into important social tasks such as support for child rearing and housing benefit - even though the city hopes for an increase in tax revenue!

The city expects the tax revenue to be increased from around 122 million euros this year to 135 million euros in the next. One reason for this increase is the planned tax increases, especially in property tax! However, with the planned personnel costs of around 83 million euros, it will not be an easy undertaking for the municipality. The budget is currently being discussed in various committees before the city council makes the final decision on the financial plan. What does that mean for the Schwerin citizens? It remains exciting!

important financial issues on the agenda

The person responsible in Schwerin stands the water up to the neck, and the decisions that are now made could have a decisive influence on the financial future of the city. Does the city do justice to its social responsibility or do citizens soon have to live with the consequences? The coming months will show how those responsible master this financial thirst route.