Due to the dramatically declining turnover shares, the Styrian capital Graz now has to tighten its budget again: a total of more than nine million euros would have to be saved – across all departments.
The communities in Styria have to tighten their belts financially. In Bruck and Fohnsdorf, a budget freeze had to be announced before the summer; only core expenditures can be made. In total, the liquidity situation is tense in 51 municipalities. The state capital is no exception – on the contrary: almost as soon as the dark red-green-red coalition took office, the city’s audit office warned of impending bankruptcy, which made front-page news throughout Austria.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
