The Royal Borough of Windsor & Maidenhead are furthest left in the graphic. “The lowest council tax outside London” a manifesto commitment proudly made for years and years by the Conservative Party locally.
You know what they say, “Pride comes before a fall!”
If RBWM don’t generate enough income what happens?
- RBWM end up not having enough money to pay the bills
- RBWM eat into their reserves (savings)
The Conservative Administration have already used most all the reserves?
A Council cannot declare bankruptcy it just has to cancel services that people need because there isn’t enough money to pay for them.
As I have mentioned before, to get to a comfortable place we’d need a 20% increase in Council tax. Currently council tax generates around £85m. If that was £100m it would be great… allow us to save circa £10m into reserves each year and create a cushion.
RBWM can’t do that without a referendum. People, at this time would not vote in favour. They may in the future when the services pulled impact them directly.
RBWM need an extra £5m each year to just pay our bills.
The income from proposed property developments in Maidenhead could fix that in 10 years time but we need a solution TODAY not tomorrow.
What ideas have you seen other Councils enact to generate income? Please point me in their direction to explore… these need to be significant income generators, cake sales will not do it!