City aiming for reserves of £10m by 2011
CITY leaders have set a target of getting the council's reserves up to £10 million by 2011.
The local authority's reserves, kept as contingency funding for any emergency situation facing the Capital, were as low as 400,000 18 months ago.
But this year the reserves have risen to 1.8m and finance chiefs want the reserves to be at least 10m in three years' time.
The current Lib Dem/SNP administration has previously hit out at their Labour predecessors for letting the reserves dwindle to "dangerously" low levels.
City leader Jenny Dawe said: "It is important that we get the reserves up to a more acceptable level.
"The reserves we inherited from the previous administration were inadequate and we will have to put in hard work to reinstate them."
Email to a friend
Print this page- Family mourn death of Glasgow ‘fight’ schoolboy
- Rangers takeover: Duff & Phelps threaten legal action against BBC
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Rangers administration: Fans fear Duff & Phelps claims could scare off Green
- Rangers takeover: triple penalty punishment enough, says Johnston
- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- Scottish independence: Alex Salmond’s pledge to sign up 1m voters
- Today’s youth not fit to be employed, says car firm Arnold Clark
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Sunday 27 May 2012
Today
Sunny
Temperature: 11 C to 21 C
Wind Speed: 12 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 9 C to 21 C
Wind Speed: 12 mph
Wind direction: North east
