Originally Posted by
Asturias56
"DMBC are not cash rich enough to complete this and therefore a CPO will not work""
"On 28 February 2022, the Council set a budget based on closing a budget gap of £13.1m in 2022/23 increasing to £21.7m over 2022/23 to 2024/25. This was a significant challenge in the context of COVID-19, ongoing demand for services and considerable cost pressures with no reduction in statutory obligations to provide services, whilst continuing to invest in the Borough and protecting the most vulnerable in our communities. This position incorporates £19.0m of budget pressures in 2022/23, increasing to £22.1m by 2024/25. This includes pay and price inflation; with £4.7m set aside for Adults, Health & Wellbeing in 2022/23 for Adult Social Care contracts including the impact of the Government National Living Wage. The service specific budget pressures include significant investment in both adults and children’s social care in 2022/23. The savings proposals identified amount to £19.8m over the 3 years, with £12.1m in 2022/23, reducing the ongoing budget position and supporting the financial sustainability of the Council going forward. The savings include central budgets, e.g. pension budgets and treasury management. Like many other Councils we also plan to review and reduce our use of assets, utilising the new ways of operating and blended approach to working"
No hope of financing the airport on those numbers
That's all Operating Expenses. Their capex position maybe different.
But I agree - if the CPO succeeds it will only do so if the local authorities work together.