More cuts to Council services despite 4.99% tax rise

[the_bloke]

Are these actually procurements?

 

The £1million to Magnomatics could easily be the support given from the Regional Growth Fund, which I think is financed from Westminster.

 

The CSV data described both as fees and expenses. I don't have the data to hand, but all the rows in the data are individual invoices, with the supplier invoice number. Would a supplier create an invoice for a loan?

 

It's definitely all SCC data according to the site that hosted it. So if it was from the Regional Growth Fund it would be from the Regional Growth Fund, not SCC unless there is some strange accounting going on.

 

Easily Googleable if anyone fancies a look.

[El Cid]

I was at a meeting where a local councilor said Government funding to Leeds city council would be zero by 2020, I was quite surprised at this.

 

I have found this

 

With county authorities seeing their core government support grant reduced by 92 per cent by 2020

 

https://www.independent.co.uk/voices/local-councils-england-county-finances-chaos-uk-government-2020-a8421591.html

 

Almost half of all councils - 168 districts, counties, unitaries and London boroughs – will no longer receive a penny of this government funding by 2019/20.

 

https://www.local.gov.uk/about/news/council-funding-be-further-cut-half-over-next-two-years-lga-warns

[Anna B]

So they have to raise all the money from council tax? Yet council tax can't go up by more than 2%?

 

Good luck with that...

[El Cid]

So they have to raise all the money from council tax? Yet council tax can't go up by more than 2%?

 

Good luck with that...

 

Maybe a local income tax would be the answer? Is it right that businesses and homeowners are the ones paying all the local taxes?

[Itrytoplease]

LOBO's (Lender option, Borrower option)are one of the main reasons councils all over the country are in trouble. The figures below are two years old, but look at the payback dates column. one at 2078.

 

Sheffield's LOBO loans

 

Principal, £

 

Initial Counterparty

 

Existing counterparty

 

Date Signed

 

Drawdown date

 

Maturity date

 

Lender's option period (m)

7,000,000 BAE Systems 2000 Pension Plan Trustees Ltd 01/12/2011 02/12/2046 1

8,000,000 Barclays 29/01/2007 29/01/2077 6

10,000,000 Barclays 23/01/2007 23/01/2077 6

10,000,000 FMS Wertmanagement29/01/2007 28/01/2077 6

10,000,000 Dexia 04/07/2007 05/07/2077 6

10,000,000 Dexia 30/09/2008 30/09/2058 6

14,500,000 FMS Wertmanagement 12/06/2008 12/06/2078 6

15,000,000 Barclays 23/10/2006 23/10/2066 6

15,000,000 Dexia 30/11/2006 /10/2076 6

17,000,000 FMS Wertmanagement 26/04/2004 27/04/2054 6

18,000,000 Eurohypo 11/06/2007 11/06/2077 6

18,000,000 BAE Systems Pension Funds CIF Trustees Ltd 01/12/2011 02/12/2046 1

20,000,000 Barclays 06/10/2005 06/10/2065 6

20,000,000 Dexia 05/12/2003 07/12/2048 6

20,000,000 Dexia 07/12/2006 07/12/2076 6

20,000,000 RBS 19/03/2009 20/09/2059 12

20,500,000 27/04/2004 27/02/2054 6

30,000,000 Barclays 22/03/2006 22/03/2066 6

30,000,000 Barclays 22/04/2004 23/02/2054 6

 

looks a bit messy, original data here - http://lada.debtresistance.uk/local-authorities/sheffield/

Edited September 28, 2018 by Itrytoplease

[truman]

Maybe a local income tax would be the answer? Is it right that businesses and homeowners are the ones paying all the local taxes?

 

Aren't they the ones who get most benefit from the local services?

[El Cid]

Aren't they the ones who get most benefit from the local services?

 

Without Googling I wouldn't know what the councils top expenditure is, maybe looking after old people?

 

---------- Post added 28-09-2018 at 10:50 ----------

 

By 2020 more than half of council tax will be spent on social care.

 

https://www.theguardian.com/public-leaders-network/2015/mar/24/how-council-tax-pound-spent

 

Care for vulnerable adults 30.73%

 

Looking after children 14.63%

 

Children's education 7.67%

 

The council spend 7% on childrens education, yet many schools are now directly funded by Government, rather confusing if you want to vote for more spending on education. Remember education, education, education?

[Robin-H]

Without Googling I wouldn't know what the councils top expenditure is, maybe looking after old people?

 

---------- Post added 28-09-2018 at 10:50 ----------

 

By 2020 more than half of council tax will be spent on social care.

 

https://www.theguardian.com/public-leaders-network/2015/mar/24/how-council-tax-pound-spent

 

Care for vulnerable adults 30.73%

 

Looking after children 14.63%

 

Children's education 7.67%

 

The council spend 7% on childrens education, yet many schools are now directly funded by Government, rather confusing if you want to vote for more spending on education. Remember education, education, education?

 

According to the leaflet you get, in Sheffield the highest spend is on education (£319m), then adult social care (£229m). This works out at about 24% and 17% respectively.

 

Confusingly however, the ‘amount each month for each household’ has education way down (£4.81 vs £29.92 for adult social care) so I must be missing something..

[Cyclone]

Social care will primarily be for people who were living in Sheffield though, so they have been contributing to council tax. Schooling is obviously a local provision for local people.

 

The argument for a local income tax is that property values aren't necessarily proportionate to income, particularly for the retired or for those who've owned a house for a long time compared to a new build. So it's not entirely equitable when comparing different households.

[lil-minx92]

Maybe a local income tax would be the answer? Is it right that businesses and homeowners are the ones paying all the local taxes?

 

Id like to see large corporations paying their due tax before another chunk of my money is siphoned off before I even see it.