City of Chartres Finances: Investments, Revenue, and Debt Analysis 2022

“The City of Chartres Reports Strong Financial Figures for 2022”

Chartres, France – The City of Chartres has announced its financial results for the 2022 fiscal year, revealing positive figures in both investment and operating revenue. However, concerns have been raised about the allocation of funds and the increasing debt.

Excluding developments, the City of Chartres recorded €40.6 million in investment revenue and €73.7 million in operating revenue for 2022. A significant portion of the operating revenue, €31.5 million, was dedicated to payroll expenses. Franck Masselus, deputy mayor of Chartres in charge of Finance and the Prospect, explained that inflation and the revaluation of the index point for civil servants contributed to the increase in payroll expenses.

In terms of investments, the City allocated €23 million across all sectors in 2022. This figure has raised concerns among some elected officials, such as Quentin Guillemain from the Chartres Ecology party, who questioned the decrease in investments despite the increasing debt. Guillemain stated, “We see that investments and capital expenditure are less and less important, but yet the debt is increasing. So, one wonders where the money is going?”

As of December 31, 2022, the outstanding debt, excluding adjustments, amounted to €125.5 million, with a deleveraging capacity of 10.8 years compared to 9 years in 2021. Franck Masselus warned that in the coming years, the deleveraging capacity might range between 10 and 12 years. However, Jean-Pierre Gorges, a city councilor, emphasized the importance of comparing investments and the economic growth they generate. Gorges stated, “Give me a community that is less than 10 years old today? It’s a community that is not investing.”

The City of Chartres highlighted several significant investments made in 2022, including the completion of the financing for the administrative center, the Off project, and the major urban planning operation in the Clos district. Jean-Pierre Gorges praised the creativity and innovation that allowed these projects to be realized, stating, “It also shows that it is not the revenue garnered by taxation that makes it possible to do things, it is creativity.”

During the council session, the municipal councilors also unanimously adopted a charter of non-competition in terms of medical demography to address the issue of medical desertification in the Chartres Métropole territory. This initiative was welcomed by Quentin Guillemain, who emphasized the need for cross-partisan collaboration to find solutions to improve access to healthcare in the region.

While the financial figures for the City of Chartres are positive, concerns about the allocation of funds and the increasing debt remain. The municipal council will continue to address these issues and work towards sustainable financial management in the coming years.Chartres City Council Approves 2022 Budget with Focus on Investments and Services

The City of Chartres recently approved its 2022 budget, which highlights the importance of investments and services for the community. Franck Masselus, the deputy mayor of Chartres in charge of Finance and the Prospect, emphasized the need to measure the community’s efforts in terms of investments and services.

In the 2022 financial year, the City of Chartres recorded €40.6 million in investment revenue and €73.7 million in operating revenue, excluding developments. Out of the investment revenue, €31.5 million was allocated to payroll, which was affected by inflation and the revaluation of the index point for civil servants.

However, the allocation of investments raised concerns among some council members. Quentin Guillemain, an elected representative from Chartres Ecology, questioned the decrease in investments and capital expenditure while the debt continues to increase. He called for transparency regarding the allocation of funds.

As of December 31, 2022, the outstanding debt of the City amounted to €125.5 million, with a deleveraging capacity of 10.8 years compared to 9 years in 2021. Franck Masselus warned that the debt capacity might increase to 10-12 years in the future. He emphasized the importance of comparing investments with the benefits they generate for the community.

The City of Chartres invested in various projects in 2022, including the completion of the administrative center, the Off project, and the urban planning operation of the Clos district. Jean-Pierre Gorges, the mayor of Chartres, highlighted the role of creativity in achieving these projects, stating that revenue from taxation alone is not sufficient.

During the council session, the issue of medical desertification was also addressed. The municipal councilors unanimously adopted a charter of non-competition to address the lack of medical professionals in the Chartres Métropole area. This initiative was praised by Quentin Guillemain, who called for bipartisan efforts to improve access

How has the allocation of funds raised concerns about the financial management of the City of Chartres?

E city’s development. With positive financial figures for the fiscal year, the City of Chartres is aiming to prioritize strategic investments while also providing essential services to its residents.

In terms of revenue, the City recorded €40.6 million in investment revenue and €73.7 million in operating revenue for 2022. However, concerns have been raised about the allocation of these funds, particularly as a significant portion of the operating revenue, €31.5 million, was dedicated to payroll expenses. Franck Masselus, deputy mayor in charge of Finance and the Prospect, explained that factors such as inflation and the revaluation of civil servant salaries contributed to the increase in payroll expenses.

When it comes to investments, the City allocated €23 million across various sectors in 2022. Some elected officials, like Quentin Guillemain from the Chartres Ecology party, have expressed worries about the decrease in investments despite the increasing debt. Guillemain questioned where the money is being directed, stating, “We see that investments and capital expenditure are less and less important, but yet the debt is increasing.”

As of December 31, 2022, the outstanding debt for the City of Chartres amounted to €125.5 million, with a deleveraging capacity of 10.8 years compared to 9 years in 2021. While Franck Masselus warned about the potential range of 10 to 12 years in the coming years, Jean-Pierre Gorges, a city councilor, highlighted the importance of assessing investments in relation to economic growth. Gorges argued that a lack of investment can hinder a community’s development, stating, “Give me a community that is less than 10 years old today? It’s a community that is not investing.”

Despite concerns about the debt, the City of Chartres emphasized several significant investments made in 2022, including the completion of financing for the administrative center, the Off project, and a major urban planning operation in the Clos district. Jean-Pierre Gorges applauded the creativity and innovation that allowed these projects to be realized, stating that revenue garnered from taxation is not the sole source of funding for such initiatives.

In addition to financial matters, the municipal councilors unanimously adopted a charter of non-competition in terms of medical demography. This initiative aims to address the issue of medical desertification in the Chartres Métropole territory and was welcomed by Quentin Guillemain, who emphasized the importance of cross-partisan collaboration to improve healthcare access in the region.

While the City of Chartres reports strong financial figures for 2022, concerns about fund allocation and increasing debt remain. The municipal council will continue to address these issues and strive for sustainable financial management in the years ahead.