States to go into debt to pay for £301m. list
Friday 26th June 2009, 2:30PM BST.
THE £301m. wish list of projects such as a new secondary school, mental health facilities and upgrading the runway has survived.
A series of votes in the States on amendments to the capital prioritsation programme has effectively given these projects the amber light to go ahead.
They still have to survive another vote today, but members are very unlikely to throw the whole thing out given previous decisions.
Each project also has to come back for detailed approval.
The decisions made yesterday also mean the States has decided to borrow – although whether this is internal or external will be central to the continuing debate.
The session broke up with debate beginning on the final and main challenger to Treasury’s proposals to borrow £175m. externally to help fund the programme.
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Cost thy habit as thy purse can buy,
But not expressed in fancy; rich not gaudy
For the apparel oft proclaims the man
and they, of the best rank and station.
are of a most select and generous choice.
Neither a borrower nor a lender be
For loan doth oft lose both itself and friend.
And borrowing dulls the edge of husbandry
This above all–
To thine own self be true
and it must follow, as night and day
Thou then cannot be false to any man
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Good quotation Eric
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