Greyduster
If they are as good as our council is at wasting millions on vanity projects that die a death because no-one has thought them through properly, then there’s no hope.
I thought I'd posted on this thread previously but it can't have posted.
I do agree, Greyduster, that LAs are not the most savvy when it comes to managing their finances.
One would think the income would largely be spent on the public services for which they are responsible, with a contingency fund set up for emergencies in a safe haven.
Instead, they invest money in areas which prove to be dodgy or do not do research into what investments are safe. Remember the Icelandic banks scandal? Local Authorities lost £millions although I believe compensation was paid.
Our CC invested £millions in commercial properties just a few years ago but then found it could not rent them out and they are worth less than they paid for them.
Their incompetence is wasting money that is needed for essential public services.
(Don't even mention their wonderful new headquarters.)
