 has presented three options for funding future big building projects. Its preferred scheme includes a GST, changes to income tax rates and £350m of borrowing. Another option includes £200m of borrowing and using part of the health service reserve to fund the extension of the hospital. The final option presented by P&R is for no borrowing, which will mean very few of the planned big States building projects can be completed. All three of the schemes presented by P&R include making at least £10m in savings and at least £25m from changes to corporate tax and motoring related taxes like paid parking. In February, deputies rejected proposals for a 5% GST , a reduced rate of income tax for earnings up to £30,000, reforms to social security contributions and a £600 increase to income tax allowances. Follow BBC Guernsey on Twitter and Facebook . Send your story ideas to channel.islands@bbc.co.uk . The BBC is not responsible for the content of external sites.){kind=link}
Guernsey’s most senior committee has said a new post-16 education campus and an extension to the hospital can be completed without a GST.
However, it warned it would still leave States finances in an unsustainable position.
Policy and Resources (P&R) has presented three options for funding future big building projects.
Its preferred scheme includes a GST, changes to income tax rates and £350m of borrowing.
Another option includes £200m of borrowing and using part of the health service reserve to fund the extension of the hospital.