Oldham Council is still plastering social media with the message “No areas can be immune from budget pressures, there are no easy decisions left.” As most people who frequent Chronic-Oldham know this does not include capital expenditure (property development) which, yet again, has increased and this time by £26 million which has been added since the budget spend was agreed in February 2015. £106 million of the five year capital investment £203,590,000 spend comes from prudential loans.
Between 2015 & 2018 Oldham Council expects to receive £24,783,000 in capital receipts from the sale of public assets.
revised capital investment spending 2015-2020