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York City Council Budget Funding Council Tax: 72.7m Revenue Support Grant: 20.9m Business rates: 24.1m from reserves: 500k collection fund surplus: 1.2m Total £119.6m Total expenditure is also £119.6m so the budget is balanced The council has debts of £239m at an average of 3.87% interest What is the chance of the council ever clearing those debts? I will start the ball rolling on that one by suggesting that there is no chance, ever. How is it for your local council? Would you regard it as prudent?
