Fukuoka City announced that its tax revenue for fiscal 2024 reached a record ¥383.7 billion, a 3.7% increase from the previous year and the highest total for the third consecutive year. The growth was driven by a significant rise in property-related taxes, reflecting ongoing urban development and rising land values. Fixed asset tax increased by 5.8% to ¥144.7 billion, while city planning tax rose by 6.2% to ¥30.4 billion. The surge was attributed to new construction and the impact of major redevelopment efforts such as the Tenjin Big Bang, which have elevated land prices across central districts. Mayor Soichiro Takashima stated that the city aims to return the benefits of this growth to residents by enhancing public services. Planned measures include free school lunches and the establishment of new child and foster care support centers, as part of broader investments in education and child welfare. Source: Fukuoka City
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