Croydon issues second Section 114 notice

By Martin Ford | 02 December 2020

Croydon LBC has issued a second Section 114 notice, having failed to balance its budget without assistance from the Government.

Councillors were told in a meeting last night that Croydon still faced a shortfall of £66m at the end of the financial year, 21 days on from the chief finance officer Lisa Taylor issuing the a S114 notice for the first time.

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Finance Budgets S114