Innsbruck is planning a record budget: 190 million for new projects!

Innsbruck is planning a record budget: 190 million for new projects!

Innsbruck, Österreich - in Innsbruck are important financial decisions for the coming years. With the first budget of the new coalition from "Yes - now Innsbruck", the Greens and the SPÖ under Mayor Johannes Anzengruber, massive debts of 58 million euros are planned. This is intended to increase the city's total debt by the end of the year to 223 million euros. These measures were decided to secure a comprehensive investment volume of a total of 190 million euros, which the mayor described as a necessary step for a powerful economic boost, such as .

The city government is faced with an increasingly difficult financial reality, in which, according to forecasts, almost half of all Austrian communities could fight with deficits in 2025. Inflation and rising wages are driving factors, especially with regard to the liquidity of the city. Mayor Anzengruber emphasized that the additional financial burden through new tasks of the federal and state governments have a negative impact on the budgets. Nevertheless, he confirmed that the liquidity of the city was secured, among other things by special "treasury", which provide the overdraft facilities for ongoing expenses, such as reported .

The city plans targeted investments of 57.4 million euros, especially in civil engineering and schools, to strengthen the economy and the Innsbruck location. Despite the challenges, the financial plans were formulated in a way that should avoid a blind austerity course. The chairman of the municipal council committee for finance, Dejan Lukovic, emphasized that the strategy of the city was going in the right direction. This not only wants to ensure liquidity, but also ensure prosperity for its citizens and institutions.