(26 Feb 2014, 9:25 pm)aureolin wrote Now for the figures. By their own admission, through the sales of Gold Cards, Nexus raised:
- 2010/11 - £1,109,656.00
- 2011/12 - £1,731,903.00
- 2012/13 - £1,518,312.00
This gives you a three year average of £1,453,290.33. The reduction from £25.00 to £12.00 is 52%. So the reduction comes at the cost of.... £755,710.97 per annum of lost income?
Can we really afford to to absorb this sort of money? Gateshead Council councillors have been asked to approve a further £15m of cuts? That tells me we can't afford it.
Unless sales rise?