Esme AshcroftGloucestershire political reporter
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What happened?
While councils cannot technically go bankrupt in the same way a business can, because they still have to provide statutory services – like bin collections – for residents, a council meeting this week heard Gloucester City Council moved in to the red last year.
The authority recently found it had a financial deficit of £7m combined from both the previous and current financial year, and it no longer has any cash reserves.
The Liberal Democrat minority administration said this had been caused by a number of factors, including an over estimation of how much some…