The Lib Dem run Cambridge City Council has revealed, to the press, a serious financial problem. Failure to correctly account for public finances is a serious issue which would normally ensure political heads roll.
I have one particular concern.
Cambridge City estimates and collects the council tax for Cambridge. The county council element of the council tax is by far the largest part of this. So, if any financial mistakes have been made in the estimates or collection of council tax it could cost us a fortune. Lets hope this is not the case.
This is money that provides for the elderly, the young, road maintenance, libraries etc etc.
I hope they get on top of this quickly, and fully explain the issues, as we are trying to set our budget right now.