Quote:
Originally Posted by g jones
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.
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Graham, for the benefit of us non-council folk, could you explain CPO, HMR and Townships fund as I for one don't understand the acronyms and where the funding comes from (or doesn't come from).