Simple terms explainer
Councils have the power to raise money to fund big projects. They can do this by borrowing from banks and other financial institutions. Sometimes they issue bonds or take out mortgages, but only if the rules allow it and the Treasury gives permission. Councils can also use money they make from selling or leasing land and buildings they own.
Legal status
Discretionary
Duty category
Finance
Duty type
Organisational
Social determinant of health
Economic Stability
Emerging policy and legislation
1
Bodies with shared interest
Chartered Institute of Public Finance and Accountancy (CIPFA)
Standards and frameworks
3