Growing pressures on the authority's finances

NOTTINGHAM City Council faces a �60 million in cuts next year, due to Government reductions in grants and growing pressures on services.

Pressures on the city council include:

The council claims it has lost �47 million in Government grants.

An increase in need for older people's services and children's services will cost �6.7 million more.

A one per cent increase in interest on new loans from the Public Works Loan Board, which lends councils money.

The council says this will cost them more than �2 million.

An incentive to reduce carbon pollution by giving council's cash back if they used less than expected is to be scrapped. The city estimates it will lose out on about �480,000 .

An increase in landfill tax will cost �160,000.

It expects to lose �500,000 on rental income.

A loss of �2.6 million from the Government towards travel concessions, which the council must make up.

The council says this is why next year's budget has been cut by �33.6 million.

Source: http://rss.feedsportal.com/c/32715/f/503354/s/11a9bec5/l/0L0Sthisisnottingham0O0Cnews0CGrowing0Epressures0Eauthority0Es0Efinances0Carticle0E310A50A630Edetail0Carticle0Bhtml/story01.htm

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