Last week the Dame and some of her financially savvy 'ladies' attended the Audit Committee
To their astonishment, they learned the Rotten Borough sits on some £300 million of usable reserves!
It's been accumulated through over taxation and flogging off the family silver
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| £300 Million of OUR MONEY |
Listed first on the website is the quaintly named "Audit and Transparency Committee" Public Agenda for its meeting on 29th September.
The document is a treasure trove of information of interest to residents.
One particularly amusing comment is that RBKC considers all sums of residents’ funds of £500,000 or less - "trivial."
RBKC's equally entertaining Accounts 2015/16 are third on the website list.”
Needed to pay for the Elizabeth Line station at Kensal that they have not got a cat in hell's chance of getting. Along with Crossrail 2 in Chelsea.
ReplyDeleteAlso needed to fund the building of classroom space for the elite private Notting Hill Prep school in the new North Kensington library building:
ReplyDeletehttps://grenfellactiongroup.wordpress.com/2016/09/27/smoke-and-mirrors-rbkc-and-nhps/
This one is not the fault of Mr Holgate. The Tory Councillors set the precept (the rate of tax). They like to keep a good buffer in the piggy bank so that they can splurge on vanity projects eg £120k for an Anthony Gormley "statue" on the roof of Holland Park School.
ReplyDeleteTo passing residents this "statue" looks like a peice of rusty metal.