Statement re 2018/19 budget meeting

Aberdeen City Council publishes 2018/19 budget reports

Aberdeen City Council today (28 February) published reports outlining its budget proposals for 2018/19 in relation to:

· General Fund Revenue and Capital Investment Programme;

· Housing Revenue Account (HRA) and Capital Investment Programme;

· Common Good Fund.

A balanced budget has been proposed, taking into account the requirement for savings and the need to protect services. The Council is governed by the Local Government Finance Act 1992 and projected expenditure must be matched by income.

The proposal outlines a budgeted spend of over £950million, comprising £269m capital and £689m revenue expenditure.

The 2018/19 budget will be set by elected members at a meeting of the full Council on 6 March 2018. The budget reports can be found at: https://goo.gl/LkMPMK .

ENDS

Issued on behalf of Aberdeen City Council by Paul Smith. For further information email PaulSmith1@aberdeencity.gov.uk or call 01224 523188.