London council 'at risk of bankruptcy' to increase tax, fees and charges
Briefly

London council 'at risk of bankruptcy' to increase tax, fees and charges
"Hillingdon Council continues to face significant financial pressures, with the authority admitting it will not be able to legally balance a budget without a bailout from the government. According to the council, even with an increase in funding from government thanks to the Fairer Funding Settlement, Hillingdon would not be able to create a balanced budget, and thus relies on Exceptional Financial Support being approved for at least three years."
"Hillingdon Council also intends to raise all discretionary fees and charges in the borough by 10 per cent. This is the second year in a row tax and fees are increasing in a borough which once prided itself on being a low tax low fee borough. The highest amount a local authority can raise council tax by is 4.99 per cent each year without holding a referendum,"
"As a result, properties in every tax band will pay at least 1,000 in Hillingdon Council tax for the first time. Not including Greater London Authority Tax, Band A properties will now pay 1,023.31 an increase of 48.64. Band B properties will face an increase of 56.74 per year with a new annual total of 1,193.85 per year. Band C properties would pay 1,364.41 an increase of 64.85 per year."
Hillingdon Council cannot legally balance its budget without Exceptional Financial Support from the government and requires support for at least three years despite additional funding from the Fairer Funding Settlement. The council plans a 10% rise to all discretionary fees and charges and proposes using the maximum 4.99% council tax increase without a referendum. Properties in every council tax band will now pay at least 1,000 in Hillingdon Council tax. Examples include Band A at 1,023.31 (+48.64), Band D at 1,534.95 (+72.95) and Band H at 3,069.91 (+145.91). This is the second consecutive year of higher taxes and charges.
Read at www.standard.co.uk
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