A local authority that is effectively bankrupt needs to borrow £206.7m from the government to balance its 2023-24 budget, a report revealed.
Thurrock Council had initially planned to borrow £180.2m but a provisional financial outturn report suggested an extra £26m was needed.
The government appointed commissioners to oversee the council after a series of bad investments damaged its finances.
Responding to the report, the commissioners said the secretary of state was “minded to approve” the extra financial support package.
However, the council was warned its borrowing must not exceed £234.5m for the year.
The secretary of state said a “significant” amount was already being offered, but said Thurrock Council had “delivered on its saving…
