Budget turnaround in Olsberg: Fire department receives millions in investments!
The city of Olsberg will invest in fire engines in 2025 and improve its budget through a trade tax increase. Essential details here.
Budget turnaround in Olsberg: Fire department receives millions in investments!
In a positive turning point for the city of Olsberg, an improved annual result is expected for 2024. The forecasts indicate that the trade tax, instead of the originally feared deficit of 4.6 million euros, could bring a return of 2 million euros in the profit budget. This development could result in an improvement in earnings of 6.6 million euros and has far-reaching effects on the city's future budgets.
Instead of withdrawing 1.3 million euros from the compensation reserve, 2 million euros could probably be added, which would give Olsberg a more stable financial basis. With regard to future negative annual results, according to current calculations, 3.3 million euros more would be available for 2025 than originally assumed in the budget.
Investments in the fire department
Mayor Wolfgang Fischer informed that the procurement of special vehicles usually takes a long time and therefore no new vehicle can be made available before the next two years. The ELW is particularly crucial for communication and documentation during operations. The city is also examining the possibility of purchasing an electric vehicle or an annual vehicle, which could further modernize the fire department's depot operations.
Another important aspect is the hygiene tag, which allows for quick and safe decontamination of staff and clothing. It is equipped with a shower and toilet room, which not only improves hygienic standards, but can also help reduce construction costs for sanitary areas in fire stations. The current budget has already budgeted 85,000 euros for the hygiene trailer.
Tax measures in the coalition agreement
It is also planned to reduce corporation tax by 1 percentage point in five steps of 15% from January 1, 2028. This should bring about improvements for partnerships in particular, such as the option model according to Section 1a KStG and the retention benefit according to Section 34a EStG. Furthermore, a special depreciation for electric vehicles will be introduced and it will be examined whether commercial income of newly founded companies can fall within the scope of corporate tax, which could significantly improve the tax treatment of new companies.
Income tax should also be reduced, especially for small and medium incomes. An important improvement will also be the increase in child benefit while simultaneously increasing the child allowance. In addition, tax incentives for additional work and overtime are planned, which could support workers in the industry.
These measures not only show the federal government's efforts to stabilize the economic situation, but also the focus on sustainability and the promotion of electric vehicles. It remains to be seen how these plans will impact communities like Olsberg that are taking innovative steps to improve their infrastructure.