Mainz in the tax shock: Biontech hype brings financial crisis!

Mainz in the tax shock: Biontech hype brings financial crisis!

The much-touted Biontech hype ended in Mainz, and the city is now fighting with a dramatic decline in trade tax revenue. Financial director Günter Beck from the Greens, given the new financial reality, must be ashamed that the city has been able to generate over two billion euros in income in the past two years. Instead, the city is now facing the challenge of closing the financial holes in their budget.

In order to fix the impending deficits, those responsible plan to turn the tax screw on, which could also burden the residents and companies. These measures are part of a desperate attempt to secure fiscal stability at a time when the income can no longer keep up with the expenditure. The development leads to worrying questions about the financial future of the city and its citizens. Further details are in a report on www.faz.net to be found.