Wednesday, July 28, 2010

Civic Accounting for Dummies

The first of what will be a miserable set of meetings in the months and years to come, as a special Cabinet meeting this afternoon considers the Council's response to the early ConDem Coalition cuts.

Matters aren't helped by our local Tories' wilful misleading of residents regarding the scale of the cuts to come. In public speeches, and on their own website, they claim that Darlington will "only" lose £22 million out of a total grant of £428 million by 2013-2014.

In fact, the total is much nearer to £50 million - leaving aside the £2.5 million being snatched this year; the estimates for the next 3 years are a reduction in grant of £10.2m in 2011/12 and a further £7.5m and £4.8ms in the years to come.

But these are cumulative figures, so the sums are £10.2 + £10.2 + £7.5 + £10.2 + £7.5 + £4.8 in terms of actual grant lost.

The council's controllable grant will have dropped £22.5 million from £107 million to £84.5 million in 2013/14, but in all, £50 million will have been stripped from the Council, and Darlington's economy.

Here endeth the lesson!

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