Thursday, August 25, 2011

Full Council today

Full Council Meeting later this morning - main agenda can be found here, and all the reports are on CPOL as usual, here ...

... tram report at item 8.2 on the agenda is set to dominate the day: quite rightly so.

If the Council decides on the St. Andrew Square option, our levels of current debt will go up to over £1.5billion, with over £110million of revenue payments being required every year to service that debt --- that will be over 11% of our overall revenue budget, every year, being spent on servicing debt.

As outlined below, we cannot support such a proposition and strongly believe the project should be delivered to Haymarket, and no further, at this time.

I'll blog about the outcome of the meeting as soon as I can.

No comments: