Tax revenue in Saxony-Anhalt: record growth for cities!

Tax revenue in Saxony-Anhalt: record growth for cities!

The financial situation in Saxony-Anhalt shows positive trends: In 2024, the state's three independent cities - Magdeburg, Halle and Dessau-Roßlau - were able to significantly increase their tax revenue. Loud World Tax revenue increased by a whopping 27 million euros to a total of 548 million euros. This corresponds to almost a quarter of the total municipal tax revenue of around 2.3 billion euros and is a positive sign of the cities' economic performance.

A detailed analysis shows that Magdeburg has the highest income at around 1,059 euros per capita. Dessau-Roßlau follows closely with 1,010 euros per capita, while Halle scores slightly lower at 943 euros per capita. The average per capita income in the independent cities has increased by around five percent compared to the previous year, which corresponds to a total of 1,004 euros per capita. In contrast, there was a decrease of three percent to 1,115 euros per capita in the municipalities belonging to the district, as on the website of Statistics Saxony-Anhalt is to be experienced.

Tax revenue in comparison

But what is the overall result for Saxony-Anhalt? The country's total tax revenue capacity in 2023 will be 2.365 billion euros, an increase of 185 million euros compared to the previous year. Over 20 percent of this sum – more precisely 521 million euros – goes to the independent cities. The municipalities belonging to the district, on the other hand, achieved a total of 1,844 million euros. Despite the increase in independent cities, Halle remains behind the national average at 850 euros per capita, while Magdeburg achieves the highest value in this category at 1,032 euros per capita, as reported in the report by You are Halle is explained.

An interesting aspect in this context is the variation within communities. While Magdeburg, Dessau-Roßlau and Halle continue to generate tax revenue, other communities are fighting for means of survival. The lowest values ​​were found in Brücken-Hackpfüffel at around 465 euros and 395.55 euros. Individual communities like Leuna, on the other hand, record exorbitant values ​​of up to 6,195 euros per capita, a real increase in tax revenue!

outlook

Tax revenue, which consists of wage, income and sales tax as well as trade and property taxes, is considered an important indicator of the economic stability and performance of municipalities. The figures for 2024 show that there is a little movement in Saxony-Anhalt, and a good hand for the future could set the course for an even better financial situation.

It will be exciting to see whether this positive trend continues in the coming years and how municipalities will respond to the challenges of the time. The numbers we have seen so far are definitely a step in the right direction!