Sharing Updates on Budget Planning and Main Budget Formulation
On the 20th, Icheon City in Gyeonggi Province held the 4th policy meeting of the 8th term for city and provincial council members at the city hall's main conference room, with about 30 attendees including Icheon City Council members, local provincial assembly members, and city executives, the city announced on the 21st.
At the 4th Policy Meeting of City and Provincial Councilors of the 8th Elected Term held on the 20th, participants pledged cooperation in city administration. [Photo by Icheon City]
During the meeting, the city explained the financial situation for the next year and the main budget formulation details, and discussed key issues such as the launch of the demand-responsive bus (DRT) "Ddokbus" and the progress of the urban underground utility project, the city explained.
The city particularly explained that although the number of pending projects and budget requests are increasing, the revenue from local corporate income tax and other sources is expected to sharply decline in 2024, leading to adjustments in the size of the main budget proposal, seeking understanding from the city council members.
Additionally, the city shared updates on the Ddokbus scheduled to launch in December and the progress of the underground utility project, pledging close cooperation.
Mayor Kim Kyung-hee of Icheon said, "We will continue to do our best to develop Icheon City through active communication and cooperation with the council."
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