Thread by @Andrewwood17

I built this spreadsheet by combining this year's budget
democracy.towerhamlets.gov.uk/documents/s196…
with budget from last January to allow comparison
democracy.towerhamlets.gov.uk/documents/s178…
Not as if Council will do this
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So last year they assumed that income would be £47.8 million less than it turned out to be
It maybe that in future government will be less generous & there are concerns over business rate changes
But routinely TH believes its own spin that government will cut its funding
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But every year there are complaints (by a Labour Cllr) that the Council underestimate future years income so cut too much in expectation of income cuts
But we have enormous reserves + unsold properties so have the luxury of taking a little bit of risk each year
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Other local authorities are not so lucky as do not have the same reserves nor business rates income
And I have concerns about the impact of WFH on business rates but the government has been more generous then expected this year
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