Tower Hamlets number 1 again
For receiving the most New Homes Bonus money of any local authority in the country for a 12th year in a row
Last year Council forecast they would only get £3.8 million this year from government - now getting £16.3 million
gov.uk/government/pub…
1/
For receiving the most New Homes Bonus money of any local authority in the country for a 12th year in a row
Last year Council forecast they would only get £3.8 million this year from government - now getting £16.3 million
gov.uk/government/pub…
1/
This was last years budget estimate for New Homes Bonus £3,812k versus governments actual prov. allocation of £16,263k for this coming year
Council assumed program would end this year & go to zero next year
Does mean they have a lot of extra £ & why Council tax only up 1%
2/
Council assumed program would end this year & go to zero next year
Does mean they have a lot of extra £ & why Council tax only up 1%
2/
Last night some Labour Cllrs made some disparaging remarks about my spreadsheets (like this one)
The reason why I do it, is that I cannot rely on the Council to do so & I suspect many Cllrs are not aware of how much money New Homes Bonus has been generated from new homes
3/
The reason why I do it, is that I cannot rely on the Council to do so & I suspect many Cllrs are not aware of how much money New Homes Bonus has been generated from new homes
3/
New Homes Bonus is extra £ from the government
Can be used to fund anything a Council does - no strings
Designed to allow fast-growing areas to ramp up Council services in advance of new homes paying CT later (or as a bribe to encourage more development 😃 )
4/
Can be used to fund anything a Council does - no strings
Designed to allow fast-growing areas to ramp up Council services in advance of new homes paying CT later (or as a bribe to encourage more development 😃 )
4/
But that is not how TH has used its New Homes Bonus money £223 million in 12 years
It is barely mentioned by the Council, never made clear how it was spent in the past
As partially contradicts mantra of evil Tory government cutting all our funding
Yes, parts of government
5/
It is barely mentioned by the Council, never made clear how it was spent in the past
As partially contradicts mantra of evil Tory government cutting all our funding
Yes, parts of government
5/
grant have been cut & difficult choices had to be made
But the government has also treated Tower Hamlets better then many other local authorities for a variety
of reasons
Not that TH has ever said thank you for this extra money that has helped alleviate pressures
6/
But the government has also treated Tower Hamlets better then many other local authorities for a variety
of reasons
Not that TH has ever said thank you for this extra money that has helped alleviate pressures
6/
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