Zug is investing 75 million francs in new sports facilities and retirement apartments!

Zug is investing 75 million francs in new sports facilities and retirement apartments!

The city of Zug has achieved a significant surplus of 144 million francs in its most recent annual accounts for 2024, which is a surprise compared to the budgeted surplus of just 6 million francs. luzernerzeitung.ch reports that this positive balance is primarily due to the transition to OECD minimum tax and the tax assessments from previous years came about. Legal entities contributed 174.1 million francs to the main income, while natural persons contributed 171.1 million francs.

The Audit Commission (RPK) and the Business Audit Commission (GPK) unanimously approved the annual financial statements. A key decision among local councilors was how to use the surplus. The city council suggested that the entire surplus income be allocated to equity. However, this was rejected, while the GPK's request to use 75 million francs to pre-finance the new Herti Nord sports facilities was approved almost unanimously.

Investments in sport and infrastructure

The planned investments in the sports facilities include a new indoor swimming pool, an athletics facility and a modern football stadium. The move towards 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 accessed via the links in the occupancy plans, so that everyone can choose their desired system. stadtzug.ch covers the various options available for reservations and also offers telephone support for those interested.

In addition, the GPK plans to use 20.5 million francs as tax equalization reserves. The remaining surplus of around 28.5 million francs will be added to the cumulative results of previous years, which represents a solid financial basis for the coming period.

A look at the 2025 budget

While the city of Zug can boast positive financial statements for 2024, the budget for 2025 forecasts a surplus of 2.5 million francs with a total expenditure of 407.9 million francs. Revenues amount to 410.4 million francs. nau.ch reports that income and wealth taxes are set at 54 percent, which should enable public resources to finance measures to make the location attractive. From 2024, the city also expects a reduction in tax revenue of around 20 million francs, which will benefit taxpayers.

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, amounting to 162.4 million francs by 2028. The city is not only strong in the present, but is also planning ahead for the future.