Front line Service cuts

[fredricketts]

According to the Lib Dems, Southwark Council have 86 MILLION POUNDS of tax payer?s money in reserve for a rainy day.[/b] I THINK THAT RAINY DAY IS HERE NOW. It is after all, rate payer?s money, how long do they have to keep saving our money, whilst increasing our rates, year in and year out. Its money that can be spent back, on the rate payers, on front line services, and reducing taxes.

Nine out of 13 elderly day centres are being closed, the buses for the disabled people are being stopped and they now have to travel on Public Transport, these people are DISABLED and seriously ill, where are the brains of these politicians. All the Governments have got us in this mess, and yet with constantly rising prices, they expect the people to suffer more for their mistakes. And to top all that up, they want to keep 86 MILLION pound in reserve, FOR WHAT.? Let?s have some uproar about it all, perhaps other people would like to add their views as to the cut s and Southwark?s Reserve.

[DJKillaQueen]

Southwark also have ?700million of debt........maybe it should go towards paying some of that off!?

[corley]

bit of a mess all round then

[nancysmum]

wow! how can they have ?700million of debt?!

[Marmora Man]

?700m debt - easy.

Don't collect rents properly for years.

Fudge the budgets, roll over "overspends" and assume illusionary savings some time in the future

Borrow to fund capital projects against poorly thought out business cases that don't repay as planned.

Use capital receipts to fund revenue spending - then carry on spending when the capital runs out as it's harder to admit the truth and cut spending to match income.

Fund politically popular but costly projects that cannot be afforded but that will win votes at next election.

Pretty standard actions for many local authorities - of course you have to work hard or be supremely optimistic [idiotic] to reach ?700m - but Southwark has done it.

[ratty]

fredricketts Wrote:

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> According to the Lib Dems....................

Can anyone else spot the obvious here???

[fredricketts]

Always said, Southwark Council could not run a piss up in a brewery, even if they Tried.

But what do you expect when they allow Contractors to use "Creative Accounting".

[aspidistra]

The cancer that is creative accounting is unfortunately much more widespread than Southwark, being standard across both private and public sectors.

[fredricketts]

No wonder we are in so much SH**.