Budget debate in Nagold: 70 million euros for future investments!

Budget debate in Nagold: 70 million euros for future investments!

The city of Nagold is faced with a challenging financial situation: In the current budget debate, it became clear that the planned expenses will significantly exceed the income. A deficit of around 6.8 million euros is planned in the city budget for 2025, as the Black Forest messenger Despite this minus, the city has announced massive investments, Notably in the general renovation of the Zeller School, which was budgeted at 11 million euros in 2025. The total income should increase to 78 million euros, but the significant deficit represents a challenge for financial stability.

This situation was not unexpected because Cunts Mayor Hagen Breitling had already pointed out similar disaster last year. A minus of around 6.6 million euros was also forecast for 2024, mainly due to increasing personnel and district levy costs. The need to take out new loans to finance the upcoming investments is therefore inevitable. An amount of 15.9 million euros in new debt is planned to secure the financing of the large projects, especially for the Zellerschule, such as the Neckar-chronik reported.

financial risks and challenges

The budget also shows that the city of Nagold rely on efficient business and scheduled tax revenue in order to cover its expenses. The plan approach of trade tax for 2024 is 17.7 million euros, which represents a record value. Nevertheless, dependence on the economic situation of companies and general market conditions is a risk that could put a strain on the city's financial situation. The city administration fears that the financial challenges cannot be managed without sufficient income from trade tax and other funding, which endangers the city's long -term ability to act.