Alternative Budget options proposed for SLDC
The Shadow Cabinet at South Lakeland District
Council will be presenting a number of alternative budget proposals
at Full Council on Thursday 28 February.
One of the proposals to be considered is a
project that would look at increasing the size of car parks where
demand regularly exceeds supply. The suggestion is for the
project to be part of the Capital Prioritisation process, as
estimates show that for a capital investment of £3.5m, at popular
well used car parks could be expanded creating additional revenue
of £261,000 per year. This will pay back the initial
investment over a 13 year period.
Another proposal is to look at launching a
Local Authority Mortgage Scheme to help first time buyers have
access to 95% mortgages to try and kick start the housing
market. The recommendation is for SLDC to invest £1m with
mortgage lenders and the council would receive either a premium per
agreed mortgage or a favourable interest rate on any cash held by
lenders. This should cover the cost of any defaults so the
scheme should be cost neutral in revenue terms.
The economy in South Lakeland is also focused
on with a suggestion of the council working more closely with the
business sector and having late night shopping coupled with an
evening summer market in busy towns across the district. A
further proposal is to liaise with Town and Parish councils about
car parking. Instead of having the usual free Sundays on the
run up to Christmas, they would look for the council to liaise with
local businesses and communities to find out when they would prefer
to offer free parking days in their area.
Full Council starts at 6.30pm on Thursday 28
February and members of the public are welcome to attend the
meeting and hear the alternative budget proposals being debated and
agenda including all the details is available on the SLDC