An additional £220 million investment next year in police, Scottish Enterprise and local services has been confirmed today as part of the Scottish budget process.
The Finance Secretary Derek McKay MSP also confirmed that Scotland’s local authorities would benefit from an additional £160 million investment to support local services.
Inverclyde Council will benefit from an additional £2.36 million of resource and capital funding as a result.
The Scottish Government today confirmed that all income tax rates will be frozen next year and the higher rate threshold will remain unchanged at £43,000. This protects 99% of Scottish taxpayers who will pay no more than tax than they do in the current year.
The Scottish Government will lodge a Scottish Rate Resolution that will freeze the higher rate threshold in cash terms relative to 2016/17.
Welcoming the news that Inverclyde is to receive additional funding, Stuart McMillan MSP said:
“I am pleased with the announcement that local authorities will benefit from £160 million of additional funding – especially the extra £2.36 million that Inverclyde Council will receive as a result.
“The Budget provides a strong settlement for local government, including additional funding for Educational Attainment, increased capital resources and increased revenues from council tax.
“It provides real terms protection for frontline policing, a real terms increase in total funding to the Health Service and increases to frontline NHS budgets for investment in primary care, community care, social care and mental health.
“Scottish taxpayers will continue to benefit from significant investment in our public services. This includes increased investment in the NHS, protection of public services that are free at the point of use – including free prescriptions, the support our policy of free personal care provides, free higher education, no business rates for 100,000 small businesses, as well as additional investment in reducing the attainment gap and the doubling of free childcare.”