Tag #Municipal Finance

Showing 1 to 12 of 24 results

sueddeutsche.de
🌐 85% Global Worthiness
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Ingolstadt Faces Historic Financial Crisis Due to Audi's Decline

Ingolstadt, Germany, is experiencing a severe financial crisis due to a drastic decrease in Gewerbesteuer (trade tax) revenue from Audi, its largest employer, impacting city services and potentially raising taxes.

Progress

16% Bias Score

Reduced Inequality
faz.net
🌐 75% Global Worthiness
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Record Tax Revenue in Offenbach Cannot Offset Increased Spending and Reduced State Funding

Offenbach, Germany, anticipates a record €133 million in 2024 business tax revenue, exceeding the previous high of €122.4 million in 2023, despite Germany's economic challenges; however, increased city spending and a reduction in state funding due to higher local tax revenue leave the city's financi...

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48% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 85% Global Worthiness
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Record €24.8 Billion Deficit Cripples German Municipalities

German municipalities recorded a €24.8 billion deficit in 2024, three times higher than in 2023, primarily due to increased social spending (€85 billion) and personnel costs (doubled in 10 years), despite a 5 percentage point revenue increase. The Bertelsmann Stiftung highlights insufficient federal...

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40% Bias Score

Reduced Inequality
zeit.de
🌐 65% Global Worthiness
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Bad Vilbel Prepares for Hessentag Amidst Cost Concerns

Bad Vilbel is hosting Hessentag 2024 from June 13-22, with over 1600 events and an expected 750,000 visitors, despite criticism over high costs and potential deficit compared to last year's smaller, more budget-friendly event in Fritzlar.

Progress

36% Bias Score

Sustainable Cities and Communities
sueddeutsche.de
🌐 85% Global Worthiness
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Munich Launches €1 Million Citizen Budget for City Improvement Projects

Munich launched a €1 million participatory budgeting initiative, "Munich Budget 2025," allowing residents aged 14+ to propose and vote on city projects until October 31st, 2025, with the goal of enhancing civic engagement and improving the city based on citizen priorities.

Progress

4% Bias Score

Sustainable Cities and Communities
zeit.de
🌐 65% Global Worthiness
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German Ministry Rejects Calls to Change Municipal Funding Based on Census Data

Following a meeting of several municipalities in Saxony-Anhalt, Germany, regarding financial losses from census population data, the state's Finance Ministry rejected calls to use local registration data for funding calculations, citing the census data's accuracy despite the municipalities' claims o...

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44% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Proactive Asset Management: Key to US Urban Resilience

The U.S. faces a $3.7 trillion infrastructure funding gap by 2030, exacerbated by record-breaking weather disasters; proactive asset management, as demonstrated by Edinburgh's use of Brightly Software, offers a solution by improving operational efficiency and securing funding for necessary maintenan...

Progress

32% Bias Score

Sustainable Cities and Communities
foxnews.com
🌐 85% Global Worthiness
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Chicago and New York City Face Budgetary Crises

Chicago Mayor Brandon Johnson warns of a financial crisis due to underfunded city services, while New York City mayoral candidate Zohran Mamdani's expansive social programs raise budget concerns; both situations highlight the tension between social spending and fiscal sustainability.

Progress

60% Bias Score

Reduced Inequality
lefigaro.fr
🌐 75% Global Worthiness
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French Local Tax Revenue Up 5% in 2024

French local governments collected €68.5 billion in direct tax revenue in 2024, a 5% increase from 2023 driven by a rise in property taxes paid by households (€47.9 billion) and businesses (€10.9 billion), with increases in property values playing a larger role than mayoral tax rate decisions.

Progress

36% Bias Score

Reduced Inequality
zeit.de
🌐 65% Global Worthiness
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Thuringia Reconsiders Funding for Municipal Mergers

Thuringia's Interior Minister Georg Maier proposed replacing a €200 per capita flat-rate subsidy for municipal mergers with a needs-based funding model, impacting seven municipalities planning new structures in the Altenburger and Weimarer Land districts, following a reduction of municipalities from...

Progress

36% Bias Score

Sustainable Cities and Communities
zeit.de
🌐 65% Global Worthiness
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Schwerin Approves 2025 Budget After Months of Negotiations

After months of negotiations, the city of Schwerin, Germany, approved its 2025 budget on June 25, 2025, including spending cuts and tax compromises to avoid a significant financial shortfall, enabling crucial investments and social programs despite a 30-year history of financial difficulties and hig...

Progress

40% Bias Score

Reduced Inequality
sueddeutsche.de
🌐 85% Global Worthiness
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Greensill Bank Collapse: €500 Million in Municipal Losses, Management Under Investigation

The insolvency of Greensill Bank in Bremen, Germany, caused €500 million in losses for 50 municipalities, while private depositors were compensated; investigations into former management are underway, focusing on potential fraud and mismanagement.

Progress

32% Bias Score

Reduced Inequality

Showing 1 to 12 of 24 results