'This is not new money, this is just borrowed money over a longer period of time which will ultimately be more expensive.”
A council plan to spread the cost of PFI debt over 50 years rather than the initial 25 isn’t “good policy”, a Conservative councillor has claimed — warning it will end up costing the taxpayer more money.
However, Cllr Gordon Wallace, Conservative, said the council had no option but to use the flexibility, but it would be “ultimately more expensive”. He added: “It’s just to get real here. The money is not there so the Scottish Government is having to find mechanisms which allows councils like ourselves to spread our costs over a much longer period of time.
At the budget meeting, Cllr O’Donnell said the plan delivered “really welcome relief” and thanked council officials for their work.
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