Croydon seeking a whopping £136 million bailout from the government - southlondon.co.uk

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Croydon seeking a whopping £136 million bailout from the government - southlondon.co.uk

Croydon Council has revealed it has overspent by £35 million this year and is now seeking an unprecedented £136 million bailout from the Government as it struggles to balance its budget for next year. With a projected shortfall of £98 million from its budget for the forthcoming financial year, the council is asking for enough money to cover the shortfall on top of the standard £38 million it gets to help pay off its historic debt. The bleak fina…