Overview

• City officials announced Wednesday that next year's budget is expected to miss by roughly €57 million, the largest shortfall in recent years.
• Mayor Simone Borris said the burden of social expenditures is straining finances to levels not seen in the recent past.
• About 500 administrative posts are currently unfilled, and the administration reports little remaining potential for further savings.
• The city plans to dampen the deficit with new local revenues including an accommodation tax and higher parking fees alongside a restrictive personnel policy.
• Magdeburg is urging additional support from Saxony-Anhalt and does not expect to balance its budget in the coming years, noting many municipalities face similar pressures.