A significant decrease in tax revenues in the city of Corona, Yokohama.

The city of Yokohama has announced that tax revenue will fall sharply next year due to the effect of the new coronavirus, and that it will be short of financial resources of about 97 billion yen.

City decides to push forward review of business to reduce expenditure.

According to the fiscal forecast of the general account for the next fiscal year announced by Yokohama City, while the city tax revenue was about 844 billion yen in the initial budget of this year, it will be reduced to about 798.0 billion yen and 46 billion yen next year. Is that.



This is because the business performance of companies is deteriorating due to the effect of the new coronavirus, and it is expected that a large decrease in corporate municipal tax and individual municipal tax will result in a decrease in city tax revenue compared to the previous fiscal year. Is expected to be the largest after the war.



On the other hand, expenditure is expected to increase by about 30 billion yen from the initial budget for this fiscal year due to an increase in social security costs, and if the city continues to carry out its planned business, it will be about 97 billion yen next year. It is expected that there will be a shortage of financial resources.



In preparing the budget for the next fiscal year, Mayor Fumiko Hayashi of Yokohama City issued a message to the staff of the city, saying, "It will be a tougher budget formulation than ever. It is necessary to discuss and share wisdom without being caught by precedents." We are instructing us to proceed with a thorough review of our business and reexamination of the timing of implementation of measures.