Accrington Web - View Single Post - Council Finances

g jones · 06-07-2011, 21:49

Inwas disappointed this week to see the Council has £2.4m legal liabilities in West Accrington through CPO and not a penny to fund it. The Council is trying to move money from the Townships fund to Woodnook. Around £2m which was gained through HMR and which the government will double.

I thought that would be £4m for Woodnook. Turns out it will be less than half that as these legal CPO arrangements are binding.

Another £2.4m unfunded blackhole.

It can only be described as reckless the fact that the Tories knew of these debts, had no intentions of paying them, instead setting up a wasteful Township Fund AND promising Woodnook £2.6m.

I despair. Poor people of Woodnook let down again.

06-07-2011, 21:49	#82
g jones Senior Member+ Join Date: Mar 2006 Posts: 1,125 Liked: 14 times Rep Power: 732	Re: Council Finances - Where we are now. Inwas disappointed this week to see the Council has £2.4m legal liabilities in West Accrington through CPO and not a penny to fund it. The Council is trying to move money from the Townships fund to Woodnook. Around £2m which was gained through HMR and which the government will double. I thought that would be £4m for Woodnook. Turns out it will be less than half that as these legal CPO arrangements are binding. Another £2.4m unfunded blackhole. It can only be described as reckless the fact that the Tories knew of these debts, had no intentions of paying them, instead setting up a wasteful Township Fund AND promising Woodnook £2.6m. I despair. Poor people of Woodnook let down again.