WebNov 13, 2024 · Despite the shock of the section 114 notice, observers say Croydon had been teetering on the edge of bankruptcy for months. In August its former chief executive Jo Negrini left, allegedly with... WebMar 25, 2024 · Croydon Council has ended its ban on non-essential spending following a £120m government bailout. The Section 114 notice, in place since 11 November, banned all new expenditure except for...
Ousted boss of bankrupt Croydon Council got £613,000 in year
WebFeb 6, 2024 · Plans to increase council tax in Croydon by 15% have been approved by the government. Croydon Council sought permission to impose the rise without a referendum after declaring itself bankrupt... WebMay 28, 2024 · Overall the financial impact of coronavirus on the capital is estimated to be £1.8 billion. And in Croydon the projected overspend for 2024-21 is £62.7 million. At the same meeting, director of finance Lisa Taylor revealed that the council currently has £440 million worth of debt made up of temporary loans borrowed for up to two years. integrity imagine schools
Croydon to raise council tax by 15% after bankruptcy
WebJan 26, 2024 · New bosses have been brought in to oversee the closure of the developer owned by Croydon Council – which contributed to its bankruptcy 14 months ago. Brick by Brick, which was set up by the authority in 2016, is expected to be wound up in 2024. The closure comes as the council continues to struggle with its finances. WebOct 29, 2024 · The audit report revealed that Croydon’s top finance official drafted a formal section 114 letter to council bosses in September signalling the council was effectively … WebMar 20, 2024 · Tory-run Croydon Council issued its third bankruptcy notice in two years in November and earlier this month signed off a record 15 per cent council tax rise in a bid … joe theismann\u0027s restaurant maryland