Croydon Council effectively bankrupt
Have been issues for years, long before COVID & first serious signs of trouble date to 2017
Tower Hamlets Council in a much better position thanks in part because government more generous to us, business rates income from CW, development
1/
Have been issues for years, long before COVID & first serious signs of trouble date to 2017
Tower Hamlets Council in a much better position thanks in part because government more generous to us, business rates income from CW, development
1/
https://twitter.com/Gareth_Davies09/status/1326547902374703104
generating lots of CIL, S106 and especially New Homes Bonus from government (TH Council never mention this fact)
But where we are similar to Croydon is in our internal processes to spot issues like this
Big problems in our year end accounts & pensions spotted by new auditors +
2/
But where we are similar to Croydon is in our internal processes to spot issues like this
Big problems in our year end accounts & pensions spotted by new auditors +
2/
new temporary staff
I do not think Overview & Scrutiny nor Audit entirely fit for purpose here either & TH Council has failed to deliver its savings programmes
But more seriously has never been honest about is true financial position (always always governments fault)
Too few
3/
I do not think Overview & Scrutiny nor Audit entirely fit for purpose here either & TH Council has failed to deliver its savings programmes
But more seriously has never been honest about is true financial position (always always governments fault)
Too few
3/
opposition Councillors with too few powers to be able to fully keep on top of issues unless Labour Cllrs also do (& some are very good at that)
But I hope this years budget process leads to some serious thinking as loss of income from CW and New Homes Bonus would hurt us
4/
But I hope this years budget process leads to some serious thinking as loss of income from CW and New Homes Bonus would hurt us
4/
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