Perth and Kinross Council's flagship projects such as Perth High School and replacing Perth Leisure Pool are in doubt. The council's chief executive has warned councillors PKC currently cannot afford its bumper six-year £683 million capital programme.
He told a council committee this week rising costs meant the council had recently "agreed £77 million of additional costs for nothing".
The stark news came in an update to Perth and Kinross Council's Finance and Resources Committee on the 2022-28 Composite Capital Budget.
A report written by senior accountant John Jennings told councillors "the delivery of all the approved projects and programmes within the current six-year capital budget is no longer expected to be affordable under the current funding strategy due to the impact of contract inflation alone." Councillors this year approved a further £33.2 million for the Cross Tay Link Road and another £18.7 million for the replacement Perth High School - just two of many capital projects.
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