Financial resilience among local authorities reduced in the third quarter of 2018/19, according to treasury adviser Arlingclose.
The firm, which calculates financial strength ratings within the sector, said that the average borrowing to reserves ratio is up 3.7% on the quarter, while interest paid as a proportion of adjusted tax base is up 6%.
Arlingclose said 21 councils increased borrowing by more than 100% of their reserves during the quarter.
