Conservative budget amendment tonight from @going4golds & I
Based on proposed amendment from 12 Labour Cllrs + 8,000 laptops for pupils + speeding up infrastructure build
But it explains why affordable in short-term based on extra money from gov
See p3
democracy.towerhamlets.gov.uk/documents/b375…
1/
Based on proposed amendment from 12 Labour Cllrs + 8,000 laptops for pupils + speeding up infrastructure build
But it explains why affordable in short-term based on extra money from gov
See p3
democracy.towerhamlets.gov.uk/documents/b375…
1/
We propose to reverse some of the proposed cuts + reduce Council tax increase from 4.99% to 4.5% based on the 12 Cllrs letter
Ordinarily we would have tried to reduce the Council tax increase further nearer to 2 to 3% in line with salary increases but that would have meant
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Ordinarily we would have tried to reduce the Council tax increase further nearer to 2 to 3% in line with salary increases but that would have meant
2/
cuts elsewhere which might not have been acceptable to other Cllrs
We can afford this in the short term because of extra money from government
£7.5 million unallocated from 2020/21
£13 m new COVID grant to arrive April
£4 m new Council tax support
Plus other grants
Plus £7.6 m
3/
We can afford this in the short term because of extra money from government
£7.5 million unallocated from 2020/21
£13 m new COVID grant to arrive April
£4 m new Council tax support
Plus other grants
Plus £7.6 m
3/
New Homes Bonus to be moved into reserves
Official Labour budget is extremely cautious it says in effect this extra new money if not spent should go into reserves
They assume in future less money from business rates & New Homes Bonus
They maybe right but we cannot be sure of
4/
Official Labour budget is extremely cautious it says in effect this extra new money if not spent should go into reserves
They assume in future less money from business rates & New Homes Bonus
They maybe right but we cannot be sure of
4/
that yet, it maybe that things are more positive in the future
Our argument is to delay some of the cuts until the late summer to see what happens to COVID, economy, future income
It maybe things get worse which means we need to deliver more cuts
Or maybe better?
But thanks
5/
Our argument is to delay some of the cuts until the late summer to see what happens to COVID, economy, future income
It maybe things get worse which means we need to deliver more cuts
Or maybe better?
But thanks
5/
to extra government cash we have some options & some time
BUT our amendment depends on the Council staying on budget from now (I think they think they cannot do that which is why extra £ is being moved to reserves as insurance)
We also propose £1.6 million to buy 8,000 extra
6/
BUT our amendment depends on the Council staying on budget from now (I think they think they cannot do that which is why extra £ is being moved to reserves as insurance)
We also propose £1.6 million to buy 8,000 extra
6/
laptops/devices specifically to pupils to catch up
Government + charities have already contributed 10,000 devices, but we need 10,000 more Council say, this 8,000 + more from government + charity should meet need
Plus £1 million to speed up delivery of infrastructure projects
7/
Government + charities have already contributed 10,000 devices, but we need 10,000 more Council say, this 8,000 + more from government + charity should meet need
Plus £1 million to speed up delivery of infrastructure projects
7/
As now an excellent time to speed up delivery of infrastructure due to low inflation & spare capacity
And every year we underspend on our capital budget
This is the Labour letter on which our amendments based as a reminder
8/
eastendenquirer.org/2021/02/12-lab…
And every year we underspend on our capital budget
This is the Labour letter on which our amendments based as a reminder
8/
eastendenquirer.org/2021/02/12-lab…
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