Bristol infrastructure spending plan agreed

Bristol City Council has allocated £134m in funding for infrastructure projects in its budget for the 2016/17 financial year, a news report in the local media has found.

A total of £345.4m has been agreed to cover the cost of running day to day services plus £56m earmarked from the Housing Revenue Account for capital investment in new and existing council housing.

These numbers paint a fairly positive picture for the city, and are likely to lead to the creation of even more local jobs.

Mayor George Ferguson said: "It was an excellent budget debate with many constructive contributions from all parties and I am delighted to have returned a balanced budget.

"Despite continued reductions in central government funding and growth in service demand, I am pleased that our enterprising management of the city’s finances has allowed us to continue investing in the city’s infrastructure and provide one off funding for a variety of projects across Bristol."

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