Gwangmyeong City Concentrates 459.8 Billion Won Investment in Livelihood, Youth, and Future Growth

Gwangmyeong City (Mayor Park Seung-won) announced on the 13th that it submitted the 2027 main budget of 1.3566 trillion won to the city council.

The budget will be finalized through deliberation and vote at the 305th Gwangmyeong City Council's 2nd Regular Session, which will be held from November 18 to December 18.

The budget is 95 billion won (0.7%) higher than last year's main budget of 1.3471 trillion won. The general account increased by 741 billion won (7.3%) to 1.0934 trillion won compared to the previous year, while the special account decreased by 646 billion won (19.7%) to 263.2 billion won.

The city designated livelihood, youth, and future growth as three major investment priorities and concentrated a total of 459.8 billion won. In particular, budgets for livelihood and youth sectors increased by 11.9% and 32.3%, respectively, compared to the previous year.

First, in the livelihood sector, resources are concentrated in areas closely related to citizens' daily lives, including revitalizing the local economy, expanding jobs across generations, building a comprehensive care system, and strengthening living safety.

To keep consumption flowing to local businesses, 12 billion won was allocated to support local currency issuance, and 300 million won to "Gwangmyeong Hey," a project promoting consumption cooperation for small business owners. Approximately 13.9 billion won is being invested in senior job creation and social activities, and about 3.9 billion won in mid-career job projects.

Approximately 35.1 billion won is allocated for infant childcare support, and about 15.6 billion won for activity support allowances for persons with disabilities to reduce burdens of childcare and daily living. About 2.8 billion won is invested in meal support for underfed children to help ensure stable eating habits and healthy development.

Additionally, budgets reflecting citizen protection from disasters are included, such as approximately 4.8 billion won for road management in preparation for snow removal and flood damage, and 900 million won for expanding disaster early warning systems.

Approximately 2.4 billion won is allocated for youth intern job projects, and about 500 million won for youth challenge support projects to provide work experience and job preparation opportunities. In particular, 180 million won was newly allocated for a youth enterprise mutual aid job support project.

In particular, the future industry sector budget is increasing by 84.3% from the previous year to 9.2 billion won. Approximately 3.3 billion won is allocated for pursuing the establishment of the Gwangmyeong Industry Promotion Foundation to handle industrial promotion and corporate support, with 422 million won for startup development, 85 million won for artificial intelligence transformation (AX) administrative innovation, and 465 million won for smart city development.

Efforts are also being made to expand urban infrastructure. 3.6 billion won is allocated for Mokgam Bridge expansion, 1.35 billion won for the Guil Station transfer center, and 1.5 billion won for the Soha 2-dong New Village project to improve transportation convenience and enhance the regional residential environment.

Gwangmyeong Mayor Park Seung-won said, "Investment in livelihood protecting citizens' lives, the future of youth, and Gwangmyeong's sustainable growth must continue steadfastly," and added, "I will strategically allocate finances to ensure sustainable growth momentum for the next 100 years without delay."