Midlothian Council to slash £9.5m off deficit

Midlothian Council has announced plans to reduce its projected budget shortfall in 2016/17 from £12.7 million to £3.2 million.

This £9.5 million saving will be made through a number of measures as the local authority comes to terms with a predicted fall in council tax income and Scottish Government support.

The savings proposals were revealed as the council’s financial strategy for 2015/16 and 2016/17 was discussed at a recent full council meeting.

Key to the savings will be an increase of net expenditure from two per cent to four per cent, increasing the council’s reserves from £4 million to £8 million.

Read full story in this week’s Advertiser. Out now.