Details of the Labour-run executive’s final capital investment plan for the next financial year have been unveiled ahead of tomorrow’s budget meeting of Bradford Council.
The plan provides for £131 million to be spent in 2013/14 with a number of new schemes added following an assessment of business cases.
Included in the plan are: l a £493,000 contribution towards phase two of a sports redevelopment of the former Wyke Manor School site l up to £846,000 for a street lighting Invest to Save scheme, subject to a report being considered by the executive l funding of £125,000 for community sports fields and facilities improvements l £50,000 to improve existing allotments.
The capital plan was to have included a request for the Council to consider investing its own cash of more than £30m in a waste deal with a private company in exchange for a reduction to the charge per tonne of waste delivered to the new energy-from-waste plant to be built at Bowling Back Lane.
However, late last week the Government announced it was withdrawing a commitment to provide £62m of financial credits to the scheme which would have made it affordable.
The Council now needs to consider its options for the future of the project, so the final capital plan does not include any provision for the outcome of these deliberations.
The district’s 90 councillors will be tasked with making a decision on the authority’s 2013/14 budget at a special meeting of the Council to begin at 4pm tomorrow in City Hall.
Labour has already outlined a package of investments and savings aimed at cutting £27m from the operating budget, along with a 1.99 per cent increase in council tax, which is expected to lead to the loss of 86 jobs at the authority.