The financial statements of the city of Linz for 2023, which were presented yesterday and are to be approved at the municipal council meeting on June 27, show a surplus of 8.5 million euros in current business.
More on the subject: “Difficult times”: City of Linz’s debts rise to 983 million euros
The surplus is the result of revenues of 854.7 million euros, which are offset by expenditures of 846.2 million euros. A deficit of more than three million euros was actually budgeted. According to Mayor Klaus Luger (SP), there are several reasons for the improvement in earnings of almost twelve million euros. The revenue share of federal tax revenues amounted to 337 million euros, almost 14 million more than estimated. In addition, there are the city’s own taxes, such as municipal tax, property tax and parking fees. In total, the taxes brought 235 million euros into the city’s coffers – almost 16 million more than estimated. Tax credits and reimbursement of the district contribution for hospitals and payments for the provision of employees brought in almost 27 million euros, around eleven million more than estimated.
Expenses also increased
The increase in revenue more than made up for the significantly increased expenditure. This amounted to 846 million euros, 61 million more than the budget. The reasons for this are inflation and the “excessively” increased transfer payments to the state, which were almost 15 million euros higher than budgeted. According to Luger, these payments continue to represent a “massive burden on the city’s budget”.
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Source: Nachrichten
