Wednesday, 23 October 2013

Council to Bank Homes Bonus to Offset Cuts

Cherwell District Council is to set aside almost half the bonus cash it gets for building new homes to make up for future government budget cuts . At a meeting last week the council’s executive agreed how it would spend the £1,340,156 it has been allocated under the Government’s New Homes Bonus for this financial year. Councillors decided to reserve 50 per cent of the funds – equating to £619, 958 – to make up for current and future cuts in government grants. Read more on the Banbury Guardian website.

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