Financial surprise for Neuwied: millions of millions for schools and daycare centers!

Financial surprise for Neuwied: millions of millions for schools and daycare centers!

Neuwied, Deutschland - The Neuwied district council unanimously adopted the budget for 2025, but the financial challenges remain great. In view of an increasingly tense financial situation, all factions in the district council require that the federal and state governments have to make higher compensation payments. Despite the agreement in the political landscape, it became clear that the uncertainties in the budget continue to exist, as the Rhein-Zeitung

financial relief for Neuwied

The reorganization of the municipal financial equalization (KFA) brings pleasant news to the city of Neuwied: it can expect additional income of around 5.8 million euros. This results from an increase in key allocations from 18.7 to 19.3 million euros and additional allocations, including a central assignment of 3.7 million euros. This development was praised by the SPD member of the state parliament Lana Horstmann. "The reorganization of the KFA is a real gain", it was cited, while the city council group of the SPD emphasized the positive effect on the tense cash register. further informed that the financial means should probably flow into the creation of daycare centers and necessary investments in schools.

In addition, the state of Rhineland-Palatinate plans to take over three billion euros in municipal liquidity loans, which could relieve Neuwied in the long term. "According to initial calculations, the debt of the city of Neuwied could decrease from over 84 million euros to less than 50 million euros," said Janick Helmut Schmitz from the SPD, and made it clear that concrete plans for debt reduction in the city council should be advised. These developments could offer Newwied new opportunities in order to remain financially capable in the future.