Wismar Budget 2025: Lower Losses Than Forecasted

Wismar made a loss of around 8.4 million euros in 2025. The budget planning actually assumed a loss of around 17.5 million euros. This emerges from the preliminary financial results for 2025, which Wismar’s mayor Thomas Beyer (SPD) presented to the citizens on Thursday evening. He emphasized that this was not a satisfactory result. A loss in the millions is again planned for 2026, said Beyer. The city administration hopes to be able to compensate for the deficit, for example with money from the state’s special fund. The loan repayment increases the loss amount.

Beyer also announced that the city of Wismar used around 3.7 million euros to repay investment loans. Without this repayment, the budget loss would have been around 4.7 million euros. At the end of 2024, investment loans amounted to 73.4 million euros.

The city is taking on new debt by 2027 and wants to invest in, among other things, the fire department, stadium and school.

There are 99 planned items on the Hanseatic city’s current priority list. A new school building is the most expensive.

Nevertheless, according to District Administrator Schomann, further savings must be made, especially in the areas of youth and social affairs.

For the first time, financial statements could be presented on time: 2022 and 2023 end with a plus of 14 million euros.