Pocheon City Secures Additional 1.4 Billion Won in Special Transfer Tax and 8.4 Billion Won in Special Adjustment Subsidy

Pocheon City (Mayor Kim Jong-cheon) has secured an additional 9.8 billion won in national treasury funds through active administrative efforts, including special transfer tax and Gyeonggi Province special adjustment subsidies.

The city requested budget support from central government ministries and Gyeonggi Province to cover necessary project expenses across all city affairs including roads, transportation, water supply, and disaster safety. As of September 28, the city has secured approximately 9.8 billion won in national treasury funds.

In detail, the city secured 1.4 billion won in special transfer tax from the Ministry of the Interior and Safety (for 7 projects including the Soseul pressure tank facility) and 8.4 billion won in special adjustment subsidies from Gyeonggi Province (for 12 projects including the creation of a youth travel warehouse).

Mayor Kim Jong-cheon stated, "We will make all-out efforts to secure national and provincial treasury funds, minimize the burden on the city budget, and continue with active administration to ensure that major projects promised to citizens proceed without disruption."

Meanwhile, since taking office in April, Mayor Kim Jong-cheon has announced financial commitments including "securing sound local finances and making all-out efforts to secure national and provincial treasury funds." At the end of April, he made early repayment of 8 billion won in local bonds, saving approximately 1.1 billion won in interest.