30-11-2023, 12:12 AM
(29-11-2023, 09:51 PM)DTV Wrote: As I said, although there is obviously always a worry of local government corruption, fundamentally this isn't really the case with the current wave of council bankruptcies which are primarily caused by the sigificant reduction of the central government grant (40% in real terms from 2010 to 2020), a major component of council funding. Most councils are already at essential services only level (many libraries are long gone) and have used up their entire financial reserves, with continued financial pressures (and an inability to leverage extra revenue) meaning that dozens more councils across the country, controlled by parties of all colours, are on the verge of issuing a Section 114. Ultimately, there's not really any money to waste.
Well really sounds interesting. Thanks for that information. Seems with money so tight someone needs to keep an eye out.
Stories like this i find interesting.
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