It looks like the York Council will be borrowing more money next year.
Hopes that the new administration would avoid using the £9 million reserved to subsidise the York Central project have been dashed and £900,000 remains in the budget for works to the Guildhall. £15.714 million is earmarked for expenditure on the community stadium project.
Over £40 million of expenditure is being slipped from the current year into 2016/17 according to papers which will be discussed next week
The additional expenditure means that around 13% of the Council taxes that York residents pay will in future be soaked up by capital and interest repayments.
In total Councillors are being asked to add £5.5 million to the City’s debt burden next week.
A full list of expenditure proposals can be viewed by clicking here