Ipswich Conservatives have put forward an amendment to the Borough Council’s 2012/13 budget which would see Town’s back rent debt increase by £17,000. Earlier this month, TWTD revealed that Town and IBC had settled their long-running spat regarding the debt of £654,702 with the Blues set to pay the cash over a period of six years in quarterly instalments.
The Conservative Group is proposing a 3% reduction in Ipswich's Council Tax via savings totalling £384,750.
Part of that is £17,000 raised through the withdrawal of an interest-free period granted to the club while negotiations were ongoing.
However, with IBC currently under Labour control, the amendment is highly unlikely to go through when debated on Wednesday.
Story syndicated from TWTD.co.uk