June 25, 2018, 07:23:45 PM

Author Topic: Kenwright to step down this month  (Read 5092 times)

Offline Mick 1995

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Re: Kenwright to step down this month
« on: March 06, 2018, 07:42:00 PM »
You're jumping to massive conclusions there.

The phrase "without them as a guarantor we don't get the funds" is based on zero evidence. This is the best financial vehicle available to us. That is not the same as this being the only financial vehicle available to us.

The central pot the council draws from is interest free and they charge us 6/7m a year for them facilitating it.

So. We are not borrowing from the council. They have facilitated a central government loan.
Nowhere has it ever been suggested that we are struggling to find the additional funds needed.
« Last Edit: March 06, 2018, 07:55:25 PM by Mick 1995 »

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