Million-Dollar Losses: City of Bonn Expects a Dramatic Fall in Tax Revenues

According to the nationwide tax estimate, the Bonn-based chamberlain Michael Fark must correct the revenue forecasts downwards. The losses could be between 19 and 34 million euros per year. This increases the savings pressure in the city.

The federal government's new tax estimate also has a serious impact on Bonn. The country-wide decline in tax revenues has a direct impact on the federal city's budget. It must therefore calculate significantly less tax money in the coming years.