Grant reductions of "over £1million" confirmed :-(

Confirmation today that over £1million has been removed from Council grant-giving ...

... the 'positive' spin being put on the whole sorry-saga is that funding has been preserved at 95% of last year’s level - maybe so, but this hides some painful truths:

• check out paragraph 2.2 (on page 1) of the main report here
• this confirms that total grant-funding for 2010/11 is some £20.6million
• 100 divided by 95, times £20.6million = £21.68million
• £21.68million minus £20.6million = an overall reduction of £1.08million

... and most inconvenient of all:

• revenue funding for the Council in 2010/11 is GOING UP by 1.76%

SUMMARY

• Council revenue funding UP by 1.76% (circa £14million)
• Council grant-giving DOWN by 5% (circa £1million)

Yet more proof that this SNP/Lib-Dem Coalition know the cost of everything but the true value of nothing.