After assurances of financial stabilization post-2022 bankruptcy, Croydon Council's proposed takeover has sparked opposition from Mayor Jason Perry. Secretary of State Jim McMahon emphasized a pressing reset for the council to avoid further deterioration, highlighting the need for spending cuts and reforms. Croydon is under government scrutiny due to its extensive debt of 1.4 billion, and while there has been some fiscal progress with asset sales, the intervention is deemed necessary to ensure real change by 2027, amid ongoing mismanagement and political tensions.
In a written statement published today, Secretary of State for Local Government Jim McMahon said: Failing to change course would condemn Croydon's residents to a worsening position without an exit strategy.
The proposal to intervene is not taken lightly but is designed to strengthen and accelerate improvement to ensure the council delivers for its residents.
While he acknowledged some progress, McMahon noted that Croydon remains one of the most financially troubled councils in the country, with a debt of 1.4 billion.
Croydon Council was previously overseen by the government-appointed Improvement and Assurance Panel (IAP), which aimed to guide the local authority into stability following years of financial turmoil.
Collection
[
|
...
]