Minimum Revenue Provision

Folkestone & Hythe District Council Budget 2026/27: Council Tax, Reserves and Debt

February 18, 2026 // 0 Comments

Folkestone & Hythe District Council’s 2026/27 budget (item 12) goes to Full Council on Wednesday 25 February with a headline most residents will miss, because it [...]

Folkestone & Hythe ‘Stretches the Mortgage’ on £192m Debt: MRP Savings Now, Higher Bills Later

February 5, 2026 // 0 Comments

Folkestone & Hythe District Council (FHDC) is proposing a change that makes its finances look dramatically healthier on paper — not by paying down debt, but by changing [...]

Folkestone & Hythe District Council sets aside £188,000 a month for debt

October 9, 2025 // 0 Comments

Folkestone & Hythe District Council has taken on £38 million in borrowing from other local authorities to fund its flagship Otterpool Park development – even though [...]

Kent councils with the biggest debts

March 21, 2025 // 0 Comments

Several Kent councils have significantly increased their debt levels in recent months, raising concerns about the potential impact on local services and the local economy. [...]

Council set to borrow £90m to fund New Leisure Centre, Otterpool Park & FOLCA 2

February 5, 2025 // 1 Comment

Folkestone & Hythe District Council is set to borrow £90m on three capital projects which include £58m on Otterpool, £23m on a new lesiure centre and £7.5m on FOLCA [...]

Kent councils with the biggest debts

December 20, 2024 // 0 Comments

New figures reveal which Kent councils have the highest level of debt – and those who aren’t a single penny in the red, as of Q2 2024/25. Ashford Borough Council (ABC) is [...]

Council debt repayments soar by 59% in single year.

June 7, 2024 // 4 Comments

Folkestone & Hythe District Council debt repayments increased by 59% between 2021/22 and 2022/23. At of March 31, 2023 the total debt repayment stood at £3.263m. The [...]

Council will borrow £60.2 million in 2024/25, while debt repayments will rise by 44%

February 2, 2024 // 3 Comments

Ninety percent of politics is deciding who to blame – Meg Greenfield When you borrow money you normal set aside money to repay what you have borrowed, this generally [...]

Otterpool Park Update: Council does not have the appetite or capacity to fund the Otterpool Park Project

October 12, 2023 // 5 Comments

Folkestone & Hythe District Council is severely constrained financially with regard to the Otterpool Park development of 10,000, due to several factors including any [...]

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