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Labour directs year-end financial surplus to resident priorities

James Ledward July 9, 2017

Despite ongoing government cuts to funding, the Labour council has kept the city’s finances on track for a second year. Labour inherited a £8.5m overspend when they took over from the Green Party in 2015, but for a second year the Labour administration has prevented a budget deficit at the end of the financial year, coming within less than 1% variance of the budget plan.

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