On Monday Ealing Conservatives issued a press release pointing up the massive debt that the Council is taking on to allow them to keep the Council Tax down without having to make any hard decisions about spending. The council’s long term debt was £339 million last year, it is projected to be £429 million this year and £516 million next. Next year the Council will spend £24 million, the equivalent of 20% of its Council Tax income, just to service the debt. The increase over two years is £1,600 per household. By borrowing this money in our name they are piling up problems for the future.
See Ealing Times story.