Zug invests CHF 75 million in new sports facilities and old -age apartments!

Zug invests CHF 75 million in new sports facilities and old -age apartments!

The city of Zug has achieved a considerable surplus of CHF 144 million in its latest annual accounts for 2024, which is a surprise compared to the budgeted surplus of only CHF 6 million. [luzernerzeitung.ch] (https://www.luzernerzeitung.ch/zentralschweiz/zugesgahn-2024-sportlagen-herti-nord-tax equalization-and-old apartments-dafuer-gafuer-stadt-Zug-Zug-Zug-Zug-Zug-Zug- Franconia Balance mainly came about through the transition to the OECD minute test tax and the tax assessments from past years. Legal persons contributed to the main revenue with CHF 174.1 million, while natural persons made a contribution of CHF 171.1 million.

The Audit Committee (RPK) and the Business Examination Committee (GPK) unanimously approved the annual accounts. A central decision among the municipal councils was the use of the surplus. The city council suggested that the total profit surplus to equity. However, this was rejected, while the application of the GPK to use CHF 75 million for the pre -financing of the new Herti Nord sports facilities, was almost unanimously accepted.

Investments in sport and infrastructure

The planned investments in the sports facilities include a new indoor pool, a athletics facility and a modern football stadium. The step to these large projects shows how seriously the city of Zug is investing in its sports infrastructure. Reservations for the sports facilities can be made online at any time - a practical innovation that many citizens will accept. Details and images of the systems can be called up via the links in the occupancy plans so that everyone can select their desired system. Stadtzug.ch deals with the various available options for reservations and also offers telephone support for interested parties.

In addition, the GPK plans to use CHF 20.5 million as tax equalization reserves. The remaining surplus of around CHF 28.5 million flows to the cumulative results of previous years, which corresponds to a solid financial basis for the coming time.

A look at the budget 2025

While the city of Zug can come up with the pleasing annual accounts 2024, the budget for 2025 predicts a surplus of CHF 2.5 million with a total expenditure of CHF 407.9 million. The income amounts to CHF 410.4 million. nau.ch reports that the income and wealth taxes are set to 54 percent, which should enable public funds to financing measures to take location attractiveness. From 2024, the city also expects the tax revenue of around CHF 20 million, which benefits tax payers.

The GPK also recommends a tax discount of 3.5 percent, which would result in an effective tax rate of 52.11 percent. Comprehensive investments in school buildings are also planned for the coming years, which will be estimated at CHF 162.4 million by 2028. The city is not only strong in the present, but is also planning for the future.