The local council is set to review budget proposals, public feedback, and address overspending issues, aiming for final budget approval on February 24. Major Aspects of Council Finances To Go Under the Microscope at Halifax Town Hall Hey, the local council has a big meeting soon. It starts at 4 PM at Halifax Town Hall.…
Lancashire County Council faces challenges in borrowing £693m due to rising interest rates and maturing loans. Interest Rates Prompt Cautious Borrowing Decisions for Lancashire County Council Lancashire: The council needs to borrow £693 million for 2025/26. This amount mainly comes from loans that are maturing soon. A £350 million bond from 2020 will mature in…
Ipswich council debates a £231.2m borrowing increase and its financial impact Ipswich Leaders Discuss Borrowing Costs and Financial Strategies Ipswich: During a council meeting, leaders discussed borrowing costs. In 2024/25, Ipswich Borough Council borrowed £231.2 million. This is £26.7 million more than expected. Martin Cook, the resources portfolio holder, assured the council they have a…
The council plans to borrow £223 million to fund its capital programme, including housing and highways projects. Council Forecasts £223m Borrowing to Support Capital Programme Initiatives City: The council’s debt is about £1.5 billion right now. Next Wednesday, the audit and corporate governance committee will meet. They will discuss the treasury management strategy for 2025-26.…
