FINANCE

£14m underspend an added boost to county's finances

Nottinghamshire CC is set to reinvest a £14m underspend to support a capital investment programme in road schemes.

Nottinghamshire CC is set to reinvest a £14m underspend to support a capital investment programme in road schemes and to offset £133m budget cuts needed by 2016/17.

Lower than anticipated costs for restructuring, redundancy payments and borrowing were the main contributors to the cash surplus, but a higher than predicted return on Nottinghamshire's investments also helped the county's financial position.

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