Isle of Wight debt accounts for 42% of annual budget
Image: CHOKCHAI POOMICHAIYA / Shutterstock.com.
Isle of Wight Council has insisted it borrows to invest in essential projects after revealing its debt amounts to 42% of the authority’s annual budget.
Mayor Chris Cooke, new chair of the Special Interest Group of Municipal Authorities (SIGOMA), talks to LocalGov about collaborative governance and funding.
How councils perceive vulnerability, not just financial position, shapes whether they fall into a cycle of short-term cuts or build longer-term resilience.
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England, Essex, Chelmsford