Key Facts
• August 8, 2024: Kobe City announced its 2024 fiscal year general account settlement.
• Total revenue: 945.6 billion yen (up 49 billion yen from the previous year).
• Total expenditure: 930.7 billion yen (up 45.7 billion yen from the previous year).
• Net surplus: 14 billion yen after excluding carryover funds.
• City tax revenue: 324.4 billion yen (up 3.3 billion yen, highest ever).
– Individual tax: 125.2 billion yen (down 5.1 billion yen).
– Corporate tax: 28.2 billion yen (up 4.9 billion yen).
– Property tax: 124.3 billion yen (up 3 billion yen).
• Land sale: 7.8 billion yen from repurposing West Kobe Golf Course for industrial use.
• Fiscal adjustment fund balance: 14.2 billion yen (down 500 million yen).
• Public enterprise profits: 2.5 billion yen (down 3.8 billion yen).
– Waterworks: 2.9 billion yen surplus.
– City bus: 76 million yen deficit (9th consecutive year).
– Subway: 2.1 billion yen deficit (5th consecutive year).
Summary
Kobe City reported a 14 billion yen surplus in its 2024 fiscal year general account settlement, driven by record-high tax revenues of 324.4 billion yen. Corporate and property taxes increased, while individual taxes declined. Total revenue rose to 945.6 billion yen, supported by land sales and fund transfers. Expenditures grew to 930.7 billion yen due to higher personnel costs and infrastructure investments. Despite a surplus in waterworks, city bus and subway operations continued to face deficits. The fiscal adjustment fund balance decreased slightly to 14.2 billion yen, reflecting ongoing financial challenges.
