July 14, 2011
Last night the council’s cabinet committee agreed a new three year financial strategy which sets out the broad financial plans for the rest of the electoral term.
The council is building on its track record of successful financial planning over the last couple of years.
The plan sets out how the council will cope with reducing government grant and council tax without impacting on front line services and announced £850,000 for the pump priming of economic regeneration initiatives.
Cabinet Portfolio Holder for Finance, Councillor Gill Mattock, said:
''We have worked very hard over the last couple of years to stabilise the council’s finances and are in a position to meet the challenges posed by the remaining government cuts. I am delighted to be making a significant amount available from what we have saved for regeneration initiatives, which will not only help the local economy, but will help to reduce the pressure on council tax."
