keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Jun 8, 2023 9:49:34 GMT
Is effectively broke 100,000 residents £260 per household council tax precept raising £11 million a year owes approximately £1.2 billion. cost of servicing the debt is currently about £50 million a year www.lbc.co.uk/news/woking-council-bankrupt-property-deficit/that's a real Micawber spending 3 times your annual income one one item. whats worse they only put the council tax up 3% this year |
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registerme
Member of DD Central
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Post by registerme on Jun 8, 2023 10:06:43 GMT
Is effectively broke 100,000 residents £260 per household council tax precept raising £11 million a year owes approximately £1.2 billion. cost of servicing the debt is currently about £50 million a year www.lbc.co.uk/news/woking-council-bankrupt-property-deficit/that's a real Micawber spending 3 times your annual income one one item. whats worse they only put the council tax up 3% this year Fiscally prudent Tories in charge at the time too.
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adrianc
Member of DD Central
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Post by adrianc on Jun 8, 2023 10:20:21 GMT
whats worse they only put the council tax up 3% this year It's been illegal for a decade or more for a county or district council to put it up more than that without a referendum of residents (except this year 5% was allowed, thanks to ~10% high inflation). That doesn't directly apply to a borough (or parish) precept, just to the county or district council that issues the bills, but they'd still have found it hard to do more. Not that it would have made much difference...  The back story is a decade old, from the early 20teens, and basically down to the councillors failing to keep the 2006-21 chief exec's grandiose redevelopment plans in check. www.getsurrey.co.uk/news/surrey-news/how-woking-council-managed-rack-27073603en.wikipedia.org/wiki/Woking_Borough_Council_electionsThe council was either mostly or majority Conservative from 2002 to 2022 with the sole exception of 2006/7.
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Jun 8, 2023 11:02:36 GMT
The additional charge to be made in 2023/24 is estimated to be £95m. To understand the scale of the problem, “if the additional charges of £75m in each year were to be funded by service reductions…the Council could no longer afford to provide any services at all and would still see a net budget shortfall”.taken from www.getsurrey.co.uk/news/surrey-news/how-woking-council-managed-rack-27073603
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