Shock as Thurrock Council reveal they are more than £1.2 billion in debt

Thurrock Council Offices

SENIOR members of Thurrock Council’s cabinet gave upbeat messages as they reported on the council’s finances at a meeting tonight (Wednesday) when they recommended a 3.49 per cent increase in council tax.

That will consist of a 1.49 per cent increase in general tax plus a two per cent increase as an adult social care precept.

Much of the upbeat nature of the comments came about because of the council’s investment strategy, which has raised many millions to be invested in local services – but the report did learn that the council is currently more than £1.26 billion in debt!

For full report go to Thurrock Nub News below.

https://thurrock.nub.news/n/council-is-126-billion-in-debt-but-councillors-say-they-are-in-control-and-have-an-upbeat-view-as-council-tax-rise-of-349-per-cent-is-recommended?fbclid=IwAR1hE5NEQsXCNvpVNkIuSqqppWXWvECPEtSVJ86vogKD7sudMbBT-cXPXK4

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