Finance Convener Councillor Alasdair Rankin welcomes balanced budget for 2013/14

As we get ready embark upon an extensive public consultation to help shape our budget for 2015/16, it’s heartening to reflect on the news that the Council has met its financial targets for the 5th year running.

 Overall expenditure figures for 2013/14, as reported to the City of Edinburgh Council, show an overall underspend of £0.64m, demonstrating that our strict budgeting has paid dividends over the last financial year. For the fifth successive year, every single Council service has met its budget targets without impacting on the front-line services on which so many people depend.

As Finance Convener, I am delighted with these results. However, there is no room for complacency. Councillor Cook and I will work tirelessly to ensure that the agenda for effective, efficient  local government continues throughout this Administration.

Like all local authorities, we continue to have very real budget pressures and over the coming months and years we will face increasingly difficult choices about how to allocate our resources. 

We remain fully committed to protecting frontline services and to maintaining investment in areas which will provide more support for our most vulnerable residents.

Later this week we’ll be launching a brand new interactive online tool to help encourage as many residents as possible to get involved in deciding how the Capital should invest in its services. 

We want to hear from as many people as possible during our budget consultation and we’ll use all feedback to help finalise which areas we spend more on and those which we make savings from. Play your part and help us shape Edinburgh’s future. 

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