Nottingham city council debt
WebNottingham City Council will sell off some of its assets including land in order to claw back nearly £1bn of debt it owes. Councillor Sam Webster (Lab), lead for finance at the local authority, said the money has not been spent frivolously but spent on making the city more than just “a big town.” WebThe council report that this overall figure sits at around £1.175 billion. This includes the £888 million external debt, of which £225 million is for the construction of the NET tram network as well as £227 million borrowed for commercial property investments. The single largest element is £305 million for the building of council housing.
Nottingham city council debt
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WebNov 1, 2024 · The breakdown of support is as follows: Energy support for families and other households: £1.5m Supermarket vouchers for free school meal pupils: £1.37m Food banks and social-eating projects:... WebSep 21, 2024 · Debt Compared with similar-sized councils, Nottingham has the second-highest level of debt – in 2024, it stood at £1.154 billion. In fact, there are only a small …
WebApr 26, 2024 · Following the discovery, Nottingham City Council will meet later this week to consider bringing Nottingham City Homes in-house. The Labour-run authority was handed an extremely rare Section 114 legal notice in December for ‘unlawfully’ spending more than £15m on the wrong services. WebIf members approve the £5 council tax increase in February, the Service can avoid the worst case scenario position. The most likely case scenario, results in a deficit of £2.145 million; f) The Capital Strategy includes a 10 year capital plan. The debt cost ratio increases quite significantly as the years progress. There is currently a debt ...
WebAug 4, 2024 · The latest city council accounts show this £7.5 million is now judged to be worth ‘nil’. The accounts reveal that: “Since March 31, 2024, the loans, parent guarantees and equity totalling £40.398m as at March 31, 2024 have been fully reviewed and impaired by £24.375m to £16.023m.” WebBy 2027 the council hopes its Capital Financing ...
WebJun 24, 2024 · The council owns over 3,600 property assets with a combined asset value of over £1bn and is undertaking a rationalisation programme to identify whether it remains …
WebSep 21, 2024 · Debt Compared with similar-sized councils, Nottingham has the second-highest level of debt – in 2024, it stood at £1.154 billion. In fact, there are only a small number of councils in the UK with a higher level of debt. The debt levels equate to around £3,500 for every person in the city. high school en streamingWebJun 3, 2024 · David Atkins, 58, has been unemployed for 19 years because of poor health and lives on Employment and Support Allowance (ESA). He says the worst thing about … high school enemies to lovers kdramaWebIf you wish to pay for your invoices by Direct Debit please email: [email protected] to request a form. You must provide the following information: your customer account number (this can... how many chapters are in researchWebThis fourth quarterly report by the Board offers a critical examination of Nottingham City Council’s performance in responding to the Caller findings and recommendations reported to the Council some twelve months ago. In addressing this imperative, the Recovery and Improvement Plan seeks to ... very high level of debt. The Board will be ... high school en australieWebJan 22, 2024 · The Labour-run Wirral Council is faced with a £40m funding gap. The cost of the response to the pandemic is being blamed for the shortfall, plus loss of income from business rates and parking... high school end monthWeb- Nottingham City Council No change to Good Friday bin collections. Bank Holiday Monday collections will happen Saturday 8th April 2024. Thank you. Who to contact for debt, … how many chapters are in rifles for watieWebOct 20, 2024 · This was a motion moved by Labour Campaign for Council Housing supporter councillor Pavlos Kotsonis at Nottingham City Council. The resolution was passed with the support of the Labour group and three independent councillors.“Councils across the country face critical financial challenges and further cuts to jobs and services. £16billion has been … high school enemies to lovers