Breaking news: Council urged not to borrow £250,000

PUBLISHED: 17:02 08 October 2008 | UPDATED: 22:26 15 June 2010

A FORMER mayor of Honiton is calling on town councillors to think twice before they rubber-stamp plans to borrow £250,000 towards the cost of developing a community centre on land in Dowell Street.

A FORMER mayor of Honiton is calling on town councillors to think twice before they rubber-stamp plans to borrow £250,000 towards the cost of developing a community centre on land in Dowell Street.

Joanna Bull says ratepayers will carry the burden for years to come and that now is not the financially best of times to be considering a loan.

Honiton Town Council will be asked to ratify the decision, taken by members of its policy committee following a close recorded vote, next Monday.

"It beggars belief that in these turbulent times, the country facing recession, that the town council would even consider this," Mrs Bull told the Herald.

"With high interest rates for 25 years, the loan will put a burden on ratepayers now and the younger generation in the future.

"It is significant that this decision was taken in secret. Why?

"A responsible policy committee would want public approval before placing such a financial burden on the electorate of Honiton."

Mrs Bull says she is concerned that a loan has been discussed before revised plans for the community centre have gone on public view and before summary costs and centre opening times have been publicised.

She wants "the whole package" in the public domain before a final decision is made.


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