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Line One, currently under construction, is 100%
funded by the government (or should we say the taxpayer).
But for further tram extensions, Nottingham City and Nottinghamshire
County Councils will have to fund locally 25% of the capital costs.
NET have not yet revealed how this money will
be raised but options could include:
- Council Tax - hasn't it already gone up enough over recent years,
making us one of the most highly taxed Council areas in the Country?
- Congestion Charge - similar to the £5 per day charge recently
introduced on all cars entering London.
- Workplace Parking Levy - employers in the city would be required to
pay initially £150 per year for each employee car parking space
they provide. Some will pass this on to the employee, others may consider
relocating. (NET has already reported an
intention to use the income from the Workplace Parking Levy to repay
the high professional consultancy costs incurred).
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