On Air Now

Paddy in the Morning

6:00am - 10:00am

  • 01723 336444

Now Playing

Listen Live Advertise

Scarborough's Local Authority Saves Over A Million Pounds

Sunday, 21 November 2021 08:28

Scarborough Borough Council has found an extra £1.4 million to spend on it's big projects.

As Cabinet member for Corporate Resources, Councillor Janet Jefferson, told the council's cabinet this week the money has come from an underspend on the annual budget and a better than expected income from business rates:

The Borough Council stated:

'Financial monitoring for the 2021/22 year identified that Covid does not appear to have had a hugely detrimental impact on Business  Rate income levels to date, and that historic Business Rate growth levels are likely be maintained; resulting in surplus income in the current year.

The quarterly monitoring report to the end of September 2021 (ref  21/205) identified a prudent £870,000 surplus anticipated from business rates income within the current year. In line with earlier years it is proposed that this surplus be utilised to support capital programme expenditure and this report recommends that the £870,000 projected surplus now be committed within the Council’s capital programme.

 The Financial Monitoring Report to end September 2021 anticipates a net budgetary revenue budget surplus of at least £959k within the current financial year.
 
 It is considered that £0.5m of this projected surplus can now be prudently committed within the Council’s budget.'

Half a million pounds is coming from an underspend in the council's budget the rest is coming from business rates as The council's Head of Finance, Kelly Metcalfe, told the cabinet this week:

Share

Did you find this article useful?

This is the Coast is committed to providing a daily local news service for the Yorkshire Coast. We are a small locally owned and operated business which employs professional journalists and reporters. We do not receive any public funding or grants and we are entirely funded by our local commercial operations. We enjoy fabulous support from local businesses who work with us on their advertising and marketing campaigns, but the cost of providing high quality, well researched, fact checked local news coverage is significant.

If you appreciate what This is the Coast does, and would like to help support our journalism, please consider supporting us on a monthly basis today.

A small contribution from all our readers would really help support independent journalism for the Yorkshire Coast.

More from Yorkshire Coast News

Comments

Add a comment

Log in to the club or enter your details below.

Follow Us

Get Our Apps

Our Apps are now available for iOS, Android and Smart Speakers.

  • Available on the App Store
  • Available on Google Play
  • Just ask Amazon Alexa
  • Available on Roku

Today's Weather

  • Scarborough

    Heavy Rain

    High: 11°C | Low: 6°C

  • Filey

    Light rain

    High: 11°C | Low: 7°C

  • Whitby

    Heavy Rain

    High: 11°C | Low: 5°C

  • Bridlington

    Light rain

    High: 11°C | Low: 6°C

  • Hornsea

    Light rain

    High: 11°C | Low: 7°C

  • Driffield

    Light rain

    High: 11°C | Low: 6°C

News

© Copyright 2025 This is the Coast Limited. This is the Coast is licensed by PRS & PPL to stream music online. Powered by Aiir.