Taxpayers have been left with a £160million bill after a blunder by the council left a school a third of the size it was meant to be.
TAXPAYERS in Renfrewshire have been left with a £160 million bill after a blunder by the SNPTo fix the problem, councillors have agreed “prudential borrowing” to be paid back at £4m a year for the next four decades, reports our sister title The Herald.
The local authority said they would likely need to take a loan out to pay for the cost. They estimated that this would leave the council with annual repayments of £4m. “For an extension to an existing building, that would be something less than that, perhaps between 25 to 30 years. So the £4m is my estimate at this point in time based on those average lives for those new facilities.
But because they have built it to the specifications supplied to them by the council their obligations under what is known as the Section 75 agreement, are now discharged, leaving the authority to pick up the cost for the new primary at least. “Renfrewshire's Education Policy Board meets today to discuss school provision for children in Dargavel, following the council's catastrophic school miscalculation,” he said.
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