US EditionCity Invests Heavily in School, Daycare and Theater Buildings Despite Worsening Budget Situation
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For the current year, the city's budget forecasts a dramatic deficit of around €92 million—around €34 million more than previously planned. Net new debt from cash advances will increase by approximately €70 million. At the same time, a good €106 million is to be invested, of which €23 million alone will go to schools, daycare centers, and theater buildings. However, the continued negative development of the financial situation in the coming year…
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