Tax shock for Krefeld: 7 million euros less by 2028!

Tax shock for Krefeld: 7 million euros less by 2028!

Alarm level red for Krefeld! The latest tax estimates bring shocking messages: from 2024 to 2028, the city will have to expect a decrease of around seven million euros in tax revenue annually. These dark forecasts come from the German City Day and are the result of the working group "tax estimates". The numbers are not only alarming, they are the crucial benchmark for municipal budget planning and show that the financial Situation of the city is seriously endangered.

The estimates indicate a dramatic decline in income, which could be between 0.1 billion and up to one billion euros per year in the next few years. Krefeld's treasurer, Ulrich Cyprian, warns that not all possible tax law changes have not yet been incorporated into these estimates. By 2028, municipal households could also burden them with up to seven billion euros. The situation is tense and makes the question arise: How will Krefeld deal with these financial challenges?

uncertain future for Krefeld

The scope of this development is currently still unclear. Cyprian is waiting for the internal quarterly report of the city administration, which should be available shortly. This report will be crucial to understand whether there are unexpected savings or high expenses. If the report brings positive surprises, the seven million fewer could be manageable in tax revenue. Otherwise, Krefeld could face serious financial consequences, which may result in a supplementary budget or even a relapse into the emergency budget.

The situation is also tightened by the announcement of the Federal Ministry of Finance that the federal government, state and municipalities are expected to make less by around 58 billion euros. This year the nationwide tax revenue is 941.6 billion euros, which is 8.7 billion less than originally expected. A minus of 3.4 billion euros for the federal government this year and another forecast of 12.7 billion euros for the next year will throw a long shadow on the financial future of Krefeld.