Hits all departments!

Next cost-cutting package worth millions for Graz

Finance Director Müller (left) and City Councillor Eber prescribe Graz's next austerity package.(Bild: Krone KREATIV/Jauschowetz (2), Foto Fischer)

Due to dramatically falling revenue shares, the Styrian capital of Graz now has to tighten its budget once again: In total, more than nine million euros are to be saved - across all departments.

The Styrian municipalities have to tighten their belts financially. In Bruck and Fohnsdorf, a budget freeze had to be declared before the summer and only core expenditure can still be made. The liquidity situation is tense in a total of 51 municipalities. The provincial capital is no exception - on the contrary: almost as soon as the dark red-green-red coalition took office, the City Court of Audit warned of imminent bankruptcy, resulting in headlines across Austria.