To insert a new Proposition as follows:-
“25. To agree:
a) that the scope for increasing revenue from the corporate sector through a levy or other measures should be increased from £5m per annum as approved by the States through the Funding & Investment Plan in October 2023 to £10m; bringing the total Core revenue raising and savings package to £40m and to direct the Policy & Resources Committee to include the development of such proposals as part of the 2025 Budget;
b) that completion of the Transforming Education Programme (Post-16 Campus at Les Ozouets, secondary school transformation and TGI Digital) at an estimated cost of £111m shall be added to the agreed capital investment portfolio for the remainder of this term, and the level of contingency reduced to £20m, taking the total portfolio value to £441m;
c) to reaffirm the authority granted to the Policy & Resource Committee in Resolution 16 on item 1, entitled “Government Work Plan 2021-2025, 2021/71” of Billet d’Etat No. XV dated 21st June 2021, to take out new borrowing to a maximum of £200m.
