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City Council Worries about Ostfildern’s Loan Situation but Finds Hope in Increased Tax Revenue

The city councilors are concerned that the city of Ostfildern will have to take out eleven million euros in loans. However, the interim financial report also gives cause for hope due to increased tax revenue.

The city of Ostfildern does not need a supplementary budget. In the municipal council, the mayor, Andreas Rommel, sounded cautiously positive. The city now expects a million more revenue from trade tax than originally planned. On the other hand, the municipal share of income tax is lower than planned at around 563,000 euros. However, the city councilors were concerned that the city would have to take out eleven million euros in loans for the upcoming major projects.

2023-07-01 04:22:49
#High #borrowing #Ostfildern #financial #report #light #shadow #Esslinger #Zeitung

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