SNP settlement slashes capital budgets - Jeremy Purvis MSP
December 12, 2008 7:28 PM
Originally published by Scottish Liberal Democrats
Originally published by Scottish Liberal Democrats
Commenting on the Scottish Government's funding settlement for local government, Liberal Democrat Finance spokesperson Jeremy Purvis said: "Today's statement has less detail than last year, but did reveal that councils' capital budgets would be slashed by £48 million.
"Last year John Swinney announced an indicative capital budget for this coming year of £993 million. Today the statement announces only £945 million for capital investment in local schools, roads, housing and flood prevention measures.Jeremy Purvis MSP
"Councils already have a big reduction in capital receipts and are being affected by the utter confusion over whether there is to be one penny of funding from the Scottish Futures Trust.
"To add a £48 million cut to the capital budget when the Scottish Government is saying that there should be accelerated capital investment beggars belief.
"Councils are being, once again, let down badly."
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