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New learning estate strategy hugely important, meeting hears
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Impact of Ronaldo cola move shows why council investments need to be viewed long-term, leader says
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A BUDGET which plans for a total unsustainable draw from reserves of over £12 million in the next financial year has been approved by councillors.
The budget shows revenue and capital spending will outstrip income from Scottish Government core funding, council tax, fees and charges and sustainable use of reserves by £12.26 million.
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A report from Manson described this as affordable in the short-term given the value of Shetland Islands Councilâs investments, which at the end of January stood at £429 million.
But it is the third budget in a row which has required an unsustainable draw from reserves.
Manson said at a meeting of the full council on Wednesday that the budget was âprudent and affordableâ¦but not yet sustainable in the long-termâ.
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THE REVAMPED Toft pier could be ready to be reopened by the end of the April, a meeting heard.
Members of Shetland Islands Councilâs harbour board heard on Thursday that progress on the project has been good despite the recent cold spell causing problems with concrete work.
The work is being led by Devon-based contractor Teignmouth Marine Services, with the project â which hopes to attract more boats to Toft â having a budget of nearly £3.5 million.
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It has suffered delays due to the coronavirus pandemic and the weather.
A total of £1 million is being covered by grant money from the European Maritime and Fisheries Fund (EMFF).
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