Government of Upper Franconia approves 2024 budget

City of Hof receives budget approval subject to conditions

The letter of approval from the government of Upper Franconia has arrived at the city of Hof. With positive news: The 2024 budget has been approved subject to conditions.

The volume of the administrative budget amounts to 194,656,950 euros and 31,043,250 euros in the capital budget.

Borrowing for investments and investment promotion measures in the core budget amounts to 12,550,690 euros. Borrowing for investments and investment promotion measures specifically for the building yard amounted to EUR 3,240,680.

52,703,000 euros are commitment appropriations in the core budget for construction measures that extend beyond 2024.

Mayor Eva Döhla: "I am particularly pleased about the approval of the commitment appropriations: This can be used to finance construction measures in the schools sector, such as the CWS elementary school or the bridges. If necessary, additional borrowing would also be possible in subsequent years."

Conditions imposed by the government

The city of Hof must make full use of its revenue opportunities and examine how these can be strengthened. In particular, fees, such as parking fees, should be reviewed and expanded. If excess or unplanned revenue is generated, borrowing must be reduced. This will be reviewed at the end of the year. The government also states that the new budget consolidation concept must be implemented consistently. In September, the city of Hof will present a summary of the points that have been implemented.

Voluntary services must be restricted. These may only be granted according to the budget situation. New voluntary services should be avoided in order to reduce the total amount of voluntary services.

City Treasurer Peter Fischer sees his assessment of the tight financial situation confirmed by the government of Upper Franconia. Nevertheless, according to Fischer, the approval of the borrowing is correct, as the approved 12,550,690 euros to 11,661,760 euros are borrowings for the cost-accounting facility of wastewater disposal, i.e. the financing of a facility that is financed entirely through fees and contributions.