Earlier today we received details of the provisional Local Government Finance Settlement for 2012/13.
Broadly the settlement figures mirror the figures announced for 2012/13 last February namely a reduction of £5.6m in Formula Grant from £55.9m to £50.3m.
Specific Grants of £19.6m for 2012/13 are also in line with expectations and include the additional one off Council Tax Freeze Grant of £1.7m for 2012/13.
Details of the Dedicated Schools Grant (which is ringfenced to schools related budgets is expected shortly)
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