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ISLINGTON'S FINANCIAL CRISIS ALLEVIATED

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Highbury & Islington Express reports (p4) the District Auditor has said the financial crisis that threatened to eng...
Highbury & Islington Express reports (p4) the District Auditor has said the financial crisis that threatened to engulf Islington LBC has been alleviated but the authority remains in a 'fragile' position.

Derek Elliott has praised the work of chief executive Leisha Fullick but warns there are still major problems. They include an expected£2 million overspend on building maintenance and the need to halt non-emergency council house repairs until April.

Mr Elliott also uncovered a shortfall of£59.5 million on the pension fund and a loss of£6 million in rent because empty council homes were not re-let quickly enough.

Ms Fullick, who faced the embarrassment last year of having to respond to the District Auditor's criticisms, said this year's report marked a change in the culture of the council.
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