The words capital and revenue are words to which we in local government do not give a second thought when discussing current and future budget issues.
To the public, however, it is not always clear why a council might have money to undertake a major and expensive road improvement scheme (that may also cause frustrating congestion) while at the same time not being able to provide day to day services in libraries, social services and highway maintenance to the same level as back in 2010.
This is certainly something that is at the front of our minds at Oxfordshire CC.
Post-summer we will be focusing afresh on how to make what could potentially prove to be up to £60m of cuts that we believe may have to be made as a result of the Treasury’s forthcoming round of new savings in public expenditure.
