Oldenburg is planning record investments: schools, roads and more in focus!

Oldenburg is planning record investments: schools, roads and more in focus!

Oldenburg is facing a significant upheaval in the city's financial situation. With a record budget of over 800 million euros for 2025, the city is planning an investment of 122 million euros to ensure future viability, as Mayor Jürgen Krogmann explained. The focus is primarily on educational projects: the extensive school campus, consisting of a community school and a high school, is almost completed, while 4 million euros are being invested in the new building of the Freiherr-vom-Stein-Gymnasium, where the old building, which is over 50 years old, was found to be in disrepair. Loud ln-online.de The first students are expected to move in March 2025.

Urgent action required

However, the city's financial situation is tense as tax revenues have fallen sharply. In 2023, trade tax revenue was 10.5 million euros, while in 2024 it was only 4.3 million euros. The key allocations have also fallen dramatically, which is linked to an ongoing crisis in municipal finances, as Krogmann emphasizes. This leads to a deficit of 52.6 million euros in the profit budget, which is reinforced by increasing social spending, stated the oldenburg.de firmly.

Investment is also focused on road infrastructure, with renovation work in several areas, including a long-awaited roundabout on Kieler Chaussee. Despite the budget constraints, the city of Oldenburg will try to carry out the urgently needed work and at the same time push forward new projects such as municipal housing construction.