London council declared bankrupt for third time
To balance the books, it would need to reduce spending by £130m in the next financial year which would leave the organisation "financially and operationally unsustainable" according to Mr Perry, who has now written to Levelling Up, Housing and Community Secretary Michael Gove asking for more money.
"The previous administration has left a legacy of unprecedented financial mismanagement, toxic bad debt and a lack of governance and transparency that shames Croydon and continues to have a long-lasting impact on the sustainability of our council," said Mr Perry. "Despite the hard work of staff to support the council's recovery, the toxic level of historic debt means that Croydon is trapped in a vicious cycle.
"Even with government support, the coming years will be incredibly financially challenging for Croydon Council. Ultimately, this will mean the council needs to do and spend less, with significant spending reductions."The council's Labour group has previously denied it is to blame, saying the current administration inherited an underspend as well as a £27m reserve.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Croydon Council declared bankrupt for third timeCroydon Council owes £1.6bn - which means it will need to do and spend less in the coming years.
Læs mere »
Nottingham City Council says castle closure a 'significant blow' for cityThe announcement was made earlier today
Læs mere »
Nottingham City Council to sell popular pubThe council is selling some of its assets to raise cash
Læs mere »
Glasgow homeless charity push council for safe space after knife incidentsThe soup kitchen under Central Bridge has been in discussion with the city council about a new venue, with bosses saying two recent knife attacks have shown how unsuitable the current space is.
Læs mere »
Leicester City Council to create extra parking for residentsA series of schemes are taking place across Leicester as part of a £275,000 project.
Læs mere »
Council spends £10,000 on ‘embarrassing’ cycle lane littered with obstaclesCouncil bosses are facing criticism for ‘squandering’ more than £10,000 of taxpayers’ cash on a cycle lane with numerous hazards.
Læs mere »