The 2011/12 budget set by the outgoing Liberal Democrats are largely run by the Conservatives has come in under budget by £102,837. That is the last bit of the legacy of the Liberal Democrats rule. From now on the Conservatives have set the budget and have to live by what they have set.
Not many surprises here. One surprise has been the increasing deficit at The Eatons Centre. Another is the increase in pension contributions the Town Council will have to make in future years.
On the whole these accounts show the Liberal Democrats left the Town Council in a very good position. The Conservatives cannot blame the Liberal Democrats for the financial position if this deteriorates in the future.