scotview wrote:Interesting article in the Telegraph today about Woking Council. They apparently invested in property development which went way over budget. Now their council taxes will be going up and service may be cut.
Woking is one of quite a few councils to have been featured in Private Eye for its expensive, ill-judged projects over the years. Though Croydon has had the most coverage for pouring money into dodgy property development.
To be fair, councils are damned if they do, damned if they don't here. With central government pushing them to boost their budgets by being entrepreneurial, it could easily become a choice between ill-judged projects for which they're utterly unqualified, vs being labelled luddites and losing out on government funding.