The council have addressed concerns from worried residents after it was revealed that £200 million of reserves from Wycombe District Council will be handed over to the new Bucks Council in Aylesbury.
In a letter sent to WDC leader Cllr Katrina Wood and seen by the Bucks Free Press, the trustees of the society have urged for reassurances that the money will continue to be spend on High Wycombe – and “not just lost within the larger budgets of the new council” once it gets going in April.
The council have responded to these concerns, they said: "We’re really proud of our strong track record of financial management, which we’ve supplemented with our strategy of investing in the Wycombe district. We are currently forecasting reserves of £67million by the end of the financial year.
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"We have to hold the money in our reserves in different ways and some of the ways we are able to spend it or keep it is set out in legislation.
"While our the reserves will transfer to Buckinghamshire Council, we have already allocated £38million (which is held in our “capital receipt” and “grant” reserves), to pay for projects in the Wycombe district in future years.
"Additionally, we are holding £20m in “earmarked reserve” which is ring-fenced for specific future projects or risks.
"The remainder £9m is currently allocated to our general reserves, which we are holding to offset the risk of any unforeseen events.
"Buckinghamshire Council will provide services for residents and business in the Wycombe district and we all want to ensure that it is a success and remains financially viable."
One commenter believed that the money should in fact be spread across the county stating that "there is nowt special about HW and this money would be wasted in trying to polish a turd."
Many commenters were also unsure of what the money will be spent on and one user questioned why it hasn't been spent "over the years on much needed works."
The new unitary council will begin operations on April 1.
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