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LGA - Councils respond to Taxpayers' Alliance report into local authority assets
Read the LGA's response to the Taxpayers' Alliance's report on council assets.
Responding to a report from the TaxPayers' Alliance into council assets released today (Tuesday), an LGA spokesman said:
"This is yet another misleading report from the Taxpayers' Alliance. Councils are banned from spending the money they make from selling their assets to pay for day-to-day services. Assets fund regeneration, housing and jobs for communities, improve the quality of life for residents and help keep down council tax.
"Many assets were built as part of housing developments and are integral to providing the essential shops and amenities communities rely on. In many cases, councils will own the land facilities are built on and not the facilities themselves.
"Councils are expected to sell £13.3 billion worth of land and property between 2015 and 2018, more than twice government's proposed £6 billion between 2015 and 2020. Councils are constantly reviewing their estates to ensure they are getting value for money for local tax payers."
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