Croydon section 114
WebNov 22, 2024 · Chief finance and S151 officer Jane West has today issued a Section 114 notice which acknowledges that the council will not be able to balance its budget in the … WebNov 22, 2024 · Chief finance and S151 officer Jane West has today issued a Section 114 notice which acknowledges that the council will not be able to balance its budget in the next financial year. Executive mayor Jason Perry has also written to secretary of state Michael Gove setting out the need for further support.
Croydon section 114
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WebJul 19, 2024 · Under section 114 of the Local Government Finance Act 1988, a Chief Finance Officer is required to issue such a notice if it appears to them that the expenditure of the authority in a financial year is “likely to exceed the resources (including sums borrowed) available to it to meet that expenditure.”9 Once a council has issued a notice, spending … WebMar 26, 2024 · Croydon chief questions whether Section 114 is 'fit for purpose’ Local Government Chronicle (LGC) EMAP Publishing Limited Company number 7880758 (England & Wales) Registered address: 10th Floor, Southern House, Wellesley Grove, Croydon, CR0 1XG We use cookies to personalize and improve your experience on our …
WebDec 9, 2024 · CROYDON IN CRISIS: The council’s finances for 2024-2024 are worse than when Croydon first issued a Section 114 Notice, according to an official report released today. And a dispute over £73m of ‘missing’ housing funds could turn the financial black … Continue reading → Share this: Facebook Twitter Email WhatsApp More Like this: … WebJul 2, 2024 · In an effort to fix their depleting finances, the Labour-run council has today announced it has issued a section 114 notice. While local authorities technically cannot declare bankruptcy, this...
WebNov 14, 2024 · On Wednesday the Labour-run council in south London announced it had filed a Section 114 notice – effectively declaring bankruptcy – citing “severe ongoing financial challenges”. The notice... WebNov 11, 2024 · The section 114 notice places a stop on non-statutory expenditures, resulting in the potential closure of some local services, redundancies to save costs and increasingly strained calls to the Ministry for Housing, Communities & Local Government (MHCLG) asking for a bailout.
WebDec 3, 2024 · Croydon Council has had to issue a second Section 114 notice and it may not be the last time it is forced to do so. By law, the council has to balance its budget. If it …
WebMay 26, 2024 · “But, a Section 114 notice is a very last resort. As you will know it is an emergency measure that essentially bans all new spending with the exception of statutory services. Unfortunately this is something that many councils are having to consider, but this is not the situation we are in at Croydon. We have a plan in place.” special t logo hatborospecial t maschineWebDec 9, 2024 · CROYDON IN CRISIS: The council’s finances for 2024-2024 are worse than when Croydon first issued a Section 114 Notice, according to an official report released … special t packagingThe council’s 151 officer has filed a Section 114 Notice because the council already knows it will be unable to balance its budget in the next financial year (2024/24), which councils are required to do by law. A Section 114 will stop all but essential spending - making sure the council can continue to … See more It means the council has to stop spending, it cannot enter into new agreements which will incur a cost. However, the council can still spend money on: … See more A council meeting will be held to discuss the S114 Notice in the next 21 days. The council has already begun to reduce non-essential spending and this new budget will work harder to … See more There will be no disruption to essential services. The council is issuing this Section 114 now to ensure that we take action to balance our budget and essential services are protected. See more The council has published a range of savings proposals in the cabinet papers. They include some changes to services, as well as plans to … See more special tabulation by nchsWebNov 11, 2024 · He said: “Croydon Council has just issued a s114 notice - i.e. they are bust. They are the only London Borough in this position. Labour has bankrupt Croydon … special t plumbingWebMar 26, 2024 · Katherine Kerswell, interim chief executive of Croydon LBC, made the criticism of the Section 114 notice process yesterday just three days after Croydon … special t motor carsWebMar 7, 2024 · Posted in Council Tax, Croydon Council, Mayor Jason Perry, Section 114 notice Tagged Conservative, Council Tax, Croydon, Croydon Council, Department for Levelling Up, DLUHC, London Borough of Croydon, Mayor Jason Perry, Michael Gove, Tory 5 Comments Perry to preside over record-breaking 15% Council Tax hike special tactical moves sleep