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Staffordshire County Council saves £1.9 million in last year

By Burton Mail  |  Posted: July 17, 2014

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STAFFORDSHIRE County Council has saved £1.9 million over the last financial year by borrowing less money.

By using cash reserves instead of borrowing, the authority had made savings on the interest it has paid in the last year, supporting its aim of stimulating economic growth.

Ian Parry, the council's deputy leader with responsibility for finance, said: "By using our cash reserves rather than borrowing more, we have been able to achieve substantial savings in what remain challenging financial times.

"Pressures on council budgets nationally remain and so it is commendable that through well thought-out decisions £1.9 million has been saved over the last financial year.

"Any saving we can make is excellent news for Staffordshire taxpayers and will help us to focus our resources where they are most needed."

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