Opposition councillors in Sheffield are complaining about £87 million of money allocated for building projects left unspent.
The cash, equivalent to 43 per cent of Sheffield Council’s entire capital budget, was allocated for projects due to take place in the 2012/13 financial year.
Coun Andrew Sangar, Sheffield Council’s Lib Dem finance spokesman, said: “Far from being strapped for cash, Labour bosses actually failed to spend £87 million intended for infrastructure projects.
“There are facilities right across the city crying out for capital investment, which would actually save the council money in the long run. Yet Labour bosses refused to back these projects.
“Labour bosses should be making sure this money is spent and actually help protect and create local jobs in the process.”
But Coun Bryan Lodge, cabinet member for finance, said: “Yet again, the Lib Dems have got their facts wrong. This is not money that is spare, it is already allocated to projects.
“In some cases projects have to be moved into the next financial year meaning that some of the money needs to be carried forward, but the important point is that these projects will still go ahead.”