The details are yet to be formalised. A bigger byte of funds Changes to Income Tax Authority computer systems require additional funds to pay for 'unforeseen' elements. A and F wants the States to sanction the additional costs of 172,350. In addition A and F wants the States to agree that 100,000 returned by the authority to the general revenue account in July should given back Contingency fund Part of the balance of the contingency investment fund is to be invested in the equity market.
Stocks give better returns but are more risky.
Home loans The States scheme to provide loans to first time home buyers has been so successful that it is running out of money. A Housing Authority decision to increase the sum that can be borrowed has resulted in a greater interest in the scheme. Predictions that the fund will be exhausted before the end of the year and that the requirement for borrowed capital will reach some 12.5m. Meanwhile, A and F said that until new arrangements are in place the fund can borrow money from the general revenue account. A level playing orchard Local producers selling their cider locally could be in violation of international trading agreements.