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Medway

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In the news

£5 a month hypothecated tax for adult social care ‘would have support’

Medway faces fourth year of EFS

Medway forecasts £26.7m overspend in 2026/27

Higher rates and budget error leave Medway with £5.9m financing overspend

Kent and Medway LGR: ‘we’ve got the decision and we’re going to get on with it’

134 councils to become 38 unitaries: latest LGR decisions announced

Medway to recruit ahead of LGR as staff have ‘no time to spare’

Medway exceeds £28.8m transformation savings target by £1.5m

Medway ‘supremely confident’ EFS recovery is at hand

More councils see exceptional financial support requests granted for 2026/27

Medway’s short-term borrowing rises by £221m

Medway faces £9.9m overspend, nearly wiping out reserves

County council prefers single unitary to avoid ‘unacceptable’ disaggregation costs

LGR savings picture clouded by government’s lack of own analysis

Medway to seek EFS again amid projected budget gap

Kent and Medway grapple with LGR costs and savings

Medway takes £200m of longer-term loans as ‘smoothing out’ continues

Medway assesses treasury management options

Medway seeks £11m in additional government support

Medway ‘smoothing out’ maturity profile

Medway forecasts £11m overspend compared to £10m in reserves

Medway Council set to sell off £35m of assets

Councils warn of further overspends and new threats to financial stability

Government approves capitalisation directions at 19 councils

Medway requests £30.8m in exceptional financial support over two years to avoid s114

2023 in review: the best stories in local government finance

Gove warns of ‘tough measures’ and intervention where councils are failing on housing plans

S114 notice ‘very likely’ for Medway Council

CIPFA issues urgent guidance to finance directors on s114 practice

Medway Council leader calls for ‘new deal’ between central and local government as authority tackles “precarious” financial situation

Medway’s forecasted overspend for 2023/24 exceeds available reserves by over £7m

Medway’s general fund reserves fall close to minimum balance following £6.1m overspend in 2022/23

Medway imposes moratorium on non-statutory service spending

Five councils share £374m for housing infrastructure

Extra £9m for councils to prepare for Brexit

Police start fraud probe at council-owned firm

Homes England shares £55m for housing developments

Medway stumps up £45m for regeneration