Related Recorded in Finance, Local Government and tagged authorities, local government finance, Wal

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On 16 October, the Minister for Local Government and Government Business proposals cook street for funding of Local Government in Wales during 2014-15. This note summarizes the main points, and table 1 shows the funds allocated by authority. The Welsh Government has also announced further details.
Cash in excess of the settlement: It includes a 1% protection for schools of 16 million. It includes 244 million for council tax reduction scheme. The Minister has commissioned a review to look at a fair and sustainable for the longer term, to be implemented in 2015-16, using funds available for that year.
Money transferred into the settlement money was transferred 39.3 million grant specific Dadneilltuwyd over 30 million that had been previously identified for PPP and Public Facilities Grant. cook street (The sum of 145 million has been transferred into the RSG during this Assembly cook street term). Transferred 3.2 million extra in relation to the First Steps Improvement Package and 5.2 million to administer Council Tax Reduction Schemes.
Minister announced that the commission review, in conjunction with Local Government, of the remaining specific grants. The settlement includes an additional cook street 4 million to support the Local Government Borrowing Initiative for Improving Highway.
A threshold alleviate meaning that the base cost of any authority falling more than 4.75%, after adjusting the amount for transfers. Because these plans include Local Authority Business Growth Incentive or money for PPP, this will not be allocated to any authority fell more than 4.6%.
Related Recorded in Finance, Local Government and tagged authorities, local government finance, Wales on October 21, 2013 by gareththomas82. Steering record Update on water New Publication: Summary of Bill: Bill Horse Management (Wales)
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