The photo shows a view of the meeting room. The rows of chairs for the council members are arranged in a semi-circle in ascending order. On the wall behind them is an installation showing the outline of the town of Idar-Oberstein with the coats of arms of the individual districts.
City administration of Idar-Oberstein

Drastic reduction in trade tax revenue

In the past few days, the Idar-Oberstein municipal administration has received letters from the tax office informing it of adjustments to the advance payments for trade tax. According to this, the income from trade tax in the 2023 financial year is expected to be far below the amounts previously planned.

May 10, 2023
The photo shows the back of the Idar-Oberstein town hall.
© Johannes Hahn

The municipal treasury is currently working hard to examine the likely impact of this drastic reduction in tax income on the current budget and, mainly due to the subsequent burden of the municipal financial equalization, on the financial planning for the coming financial years. It is currently assumed that it will be possible to balance the budget for 2023 by adopting supplementary budget bylaws. The Treasurer's Office will therefore develop scenarios for the measures that will ultimately have to be adopted by the political bodies. In addition to achieving the legally prescribed budget balance, the primary objective is to maintain the municipality's long-term financial capacity.

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