Author Topic: Council debt rises to £120 Million  (Read 4189 times)

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Offline Spunkymonkey

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Council debt rises to £120 Million
« on: February 21, 2014, 09:44:42 PM »
Last week David Renard was claiming that the council had saved £400,000.

Today the Adver reports that the council's debt has risen by £20 million this year and now stands at £120 million.

http://www.swindonadvertiser.co.uk/news/11026384.__20m_added_to_the_town_debt/

Assuming that there approximately 100,000 residential properties in Swindon, that is £1,200 of debt per household. The council have frozen council tax but have borrowed like there is no tomorrow.



Offline Richard Symonds

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Re: Council debt rises to £120 Million
« Reply #1 on: February 21, 2014, 10:52:44 PM »
http://www.swindonadvertiser.co.uk/news/11026384.__20m_added_to_the_town_debt/?action=success


A better quality of comments than usual!!
All my posts are my own opinion and do not represent any political organization or group

Offline moley

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Re: Council debt rises to £120 Million
« Reply #2 on: February 21, 2014, 11:34:05 PM »
We went to Bristol yesterday (the kids wanted to go to the Science Museum there).

We parked in Trenchard Street Car Park which is undergoing extensive modernisation.

Surely this is a (cheaper) alternative to knocking existing car parks down?

Moley

Offline Mickraker

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Re: Council debt rises to £120 Million
« Reply #3 on: February 22, 2014, 08:53:00 AM »
We went to Bristol yesterday (the kids wanted to go to the Science Museum there).

We parked in Trenchard Street Car Park which is undergoing extensive modernisation.

Surely this is a (cheaper) alternative to knocking existing car parks down?

Moley

Yeah but it ain't Swindon where regeneration everything is unique visionary vibrant and innovative  :-\
My non aggresive posts are my own opinion and represent me, myself and I only!

Offline Muggins

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Re: Council debt rises to £120 Million
« Reply #4 on: February 22, 2014, 09:02:33 AM »
We went to Bristol yesterday (the kids wanted to go to the Science Museum there).

We parked in Trenchard Street Car Park which is undergoing extensive modernisation.

Surely this is a (cheaper) alternative to knocking existing car parks down?

Moley

Yeah but it ain't Swindon where regeneration everything is unique visionary vibrant and innovative  :-\

Yeh, and where to get today's 'vibrant and visionary', everything that was 'vibrant and visionary' ten years ago has to be knocked down first. 

If it's working, safe and fit for purpose it should be designed in to any new plan. Now that's visionary!
Oi! Listen mush. Old eyes, remember? I’ve been around the block a few times. More than a few. They’ve knocked down the blocks I’ve been around and rebuilt them as bigger blocks. Super blocks. And I’ve been round them as well.  The Doctor (Night Terrors)

Offline the gorgon

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Re: Council debt rises to £120 Million
« Reply #5 on: February 22, 2014, 09:18:11 AM »
http://www.swindonadvertiser.co.uk/news/11026384.__20m_added_to_the_town_debt/?action=success


A better quality of comments than usual!!


Really?  I suppose once you filter out the "it's not my parties fault it's the fault of the other party" comments there are some pertinent comments... somewhere...

Yes, once you strip out the willy waving by various parties, the underlying problem is clear to see - our councillors, some on both sides are good, but the rest of them are next to useless.

Makes me think of the inbreeding comment from QT, it's clearly going on in Swindon politics...  :wink:

Offline Mickraker

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Re: Council debt rises to £120 Million
« Reply #6 on: February 22, 2014, 09:07:00 PM »
If it's working, safe and fit for purpose it should be designed in to any new plan. Now that's visionary!

Narr to easy   :-\
My non aggresive posts are my own opinion and represent me, myself and I only!

Offline bobwright

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Re: Council debt rises to £120 Million
« Reply #7 on: February 23, 2014, 01:38:01 PM »
Last year the Labour Group offered to work with the Administration to reduce debt. We were and are critical however we also know serious sums of borrowing need to be addressed. Since the offer about another £28 m has been borrowed. What for?

It is common for the Administration to excuse their decisions and mistakes on investing in Swindon's future. The challenge then is put to the Labour Group don't we want to invest in Swindon's future. Of course we do but not in the errors of judgement or neglect of higher priorities.

At the last scrutiny of the leisure portfolio we were told that leisure users get supplemented by 14p per resident. We have one of the best successful Leisure Services in the country. The excuse for the sell offs (99 year contracts) is an outstanding £6 m maintenance bill and that private interest would not come in for less. Look across the country and you will see contracts much closer to 15 years. So I struggle to see why spending £15 m on a car park which is costing £300 k per year to run is a better decision than keeping and improving our leisure services.



Offline Brian V Cockbill

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Re: Council debt rises to £120 Million
« Reply #8 on: February 23, 2014, 02:03:32 PM »
I wonder where the £300,000 per year to run the new car park is coming from?
My guess this is to a large extent it is funded by reducing support for public transport.   Which makes an even bigger pothole in Swindon Council's financial tracks.
Brian V Cockbill

Offline Midlander

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Re: Council debt rises to £120 Million
« Reply #9 on: February 23, 2014, 05:42:02 PM »
As you are no doubt aware Brian, our council wants people to drive cars, not walk, or cycle, or use buses, which seems a bit odd when you consider the government believes otherwise, and the Department of Transport has spent such a lot of money to try and persuade the Swindon people to leave their cars at home.
New car parks, and relief roads have far more priority than anything else in this town.

Moley, how long did it take you to get out of Trenchard Street Car Park? I parked in there two years ago on a Sunday, it cost £1.20 back then for the day, only I found they'd hiked the prices to £1 per hour, and it took me half an hour to get out due to appalling traffic control on the way out. Better to take the train to Bristol.

Offline the gorgon

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Re: Council debt rises to £120 Million
« Reply #10 on: February 23, 2014, 06:12:00 PM »
I'd say the council seems to be a bit schizophrenic, as they seem to be intent on making everything worse.  If they're pro-car why mess-up whalebridge?  If they're pro-bus why cut bus route subsidies?  If they're pro-train why make the train station more difficult to get to (see whalebridge)?  If they're pro-cycling why aren't more ASL (bike boxes) being added at traffic lights when upgrades are made (I can only think of one)? If they are pro-walking why are pelican crossings being replaced by the new puffin style crossings (lights at shoulder height) when the Scottish government is launching an inquiry into their safety?

 :idiot2:

Offline Midlander

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Re: Council debt rises to £120 Million
« Reply #11 on: February 23, 2014, 08:36:17 PM »
The council are pro-car Gorgon, the reason why the Whalebridge junction was messed up is the same reason why many other junctions around the town have been messed up in the past (Turnpike and White Heart) and in the future (the Transfer Bridges Hamburger Roundabout), it's because when it comes to planning junctions they like to do something different from everyone else. Problem is they never work properly and cause more problems than they had before.
The council would like you to think they are pro-bus, by letting us know about the glowing reports Thamesdown Transport have had, how all their customers have filled in surveys that say they are very satisfied with the services (I've never seen one!)
They would also like you to think they are pro-cycling by refurbishing the Western Flyer, however the sensible thing would have been to do the renovations during the summer, so when the cycle paths are closed and they have to cycle on roads, at least it would be in the daylight!
As for pro-train, well, that would encourage people to spend their money in other towns and cities like Bristol or Bath, and they don't want that, they want people to spend their money in the town centre.

Offline Terry Reynolds

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Re: Council debt rises to £120 Million
« Reply #12 on: March 10, 2014, 09:57:28 PM »
On twitter today, the bbc Wilshire, has reported that, the council  are now going to lease out the sports fields at dorcan school and the one at the croft.......

Offline oldtowner

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Re: Council debt rises to £120 Million
« Reply #13 on: March 10, 2014, 10:29:22 PM »
On twitter today, the bbc Wilshire, has reported that, the council  are now going to lease out the sports fields at dorcan school and the one at the croft.......

So much for the covenant that the Croft was to be used by local schools for recreational purposes.

Offline Muggins

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Re: Council debt rises to £120 Million
« Reply #14 on: March 11, 2014, 08:17:53 AM »
And they still will, if I have got it right, it is to be leased to provide the same service as before, just someone else managing it.  If they can get someone else to manage it, they won't have to sell it. 

It's not ideal, it would be better if he council could manage it, I fear that if they don't go the lease way, they will HAVE to sell it. 

Somehow the council has to set to and put this idea in some sort of understandable writing, though the Adver reporters is not good enough. 

Swindon is now 3rd in the country with it's own leisure ownerships thingy.   No hiding place from any government legislation about them.

Oi! Listen mush. Old eyes, remember? I’ve been around the block a few times. More than a few. They’ve knocked down the blocks I’ve been around and rebuilt them as bigger blocks. Super blocks. And I’ve been round them as well.  The Doctor (Night Terrors)

Offline Outoftowner

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Re: Council debt rises to £120 Million
« Reply #15 on: February 16, 2015, 04:20:44 PM »
Bump!

 So you thought £120M was bad?

SBC borrowing will stand at £185m at the beginning of April 2015 and is set to rise to £290m by April 2018.

http://www.swindonadvertiser.co.uk/news/11795264.Council_borrowing_to_soar_by___100m/

Quote
The council’s level of borrowing is expected to rise by more than £100m across the next three years.

Borrowing will stand at £185m at the end of the 2014/15 financial year but this is set to rise to £290m by April 2018.

A further £20m will be borrowed in the next year but in the two years after that an extra £110m will be needed – although some of this will be offset by money coming into council coffers.
Council Leader David Renard (Con, Haydon Wick) said:

“The projections are down to the fact that over a number of years we have made capital investment commitments but the funding is not needed for several years. What we are doing is investing in Swindon, which I think is better than sitting on our hands and doing nothing.
 
Not all debt is bad debt and it is this council’s opinion that this level is manageable. In the long term we will start to see a return on some investments. Wichelstowe is a perfect example of this. We have invested £50m there but are close to announcing a joint venture partner, so we will see that back and possibly more besides.

The Kimmerfield car park is another example. We borrowed £15m to have it built but over its lifetime we will more than see that repaid.”

Coun Renard said a large chunk of the debt is down to investing in schools. Over the past few years many of the town’s primary schools have been expanded, while the council is also responsible for building new primary schools.

“Although they often end up being run by an academy, the Government does not provide funding unless they are a free school or an academy,” Coun Renard said.
“We have to put up that money because we have an obligation to provide places, but a few of those and the debt starts to mount.”

But the council’s Labour group leader Jim Grant said the news showed a lack of control by the leadership over council finances.

He said: “Since I have become Labour Group Leader I have repeatedly questioned and challenged why the Conservative Group have embarked on such a significant spending splurge which means the council is spending nearly £10m each year on debt charges. Just over 10 years ago, when the Conservatives took control of the council, they inherited a £6m budget surplus from Labour.
Now, they’re embarking on a debt of £300m and what concerns me is that they have no strategy to bring this debt down. In fact they’re intensely relaxed about the levels of debt they’re developing.”

What's it all about?

Offline Weebleman

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Re: Council debt rises to £120 Million
« Reply #16 on: February 16, 2015, 04:49:03 PM »
Bump!

 So you thought £120M was bad?

SBC borrowing will stand at £185m at the beginning of April 2015 and is set to rise to £290m by April 2018.

http://www.swindonadvertiser.co.uk/news/11795264.Council_borrowing_to_soar_by___100m/



Strange how the 'comments' section on the Adver site has still not been enabled init ?

Offline the gorgon

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Re: Council debt rises to £120 Million
« Reply #17 on: February 16, 2015, 08:58:08 PM »
Bump!

 So you thought £120M was bad?

SBC borrowing will stand at £185m at the beginning of April 2015 and is set to rise to £290m by April 2018.

http://www.swindonadvertiser.co.uk/news/11795264.Council_borrowing_to_soar_by___100m/



Strange how the 'comments' section on the Adver site has still not been enabled init ?


I can guess what would happen though,  plenty of anti-SBC comments, some comments that are pro-SBC and blame it on Labour.  With former being down voted en-mass and the latter being voted up en-mass by the Adver's resident fiddler(s). At which point it'll descend into finger pointing and name calling.  ::)