£28m budget black hole: Cash strapped councils face challenging years ahead

Belgique Nouvelles Nouvelles

£28m budget black hole: Cash strapped councils face challenging years ahead
Belgique Dernières Nouvelles,Belgique Actualités
  • 📰 thelincolnite
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

The councils are in limbo waiting for the next set of funding from the government

Councils across Lincolnshire face challenging times ahead, as their budgets suffer additional pressures from the energy and cost of living crisis.

However, a spokesperson said that since February, the financial situation had changed at the national level, and the government has now scheduled an autumn statement for this month.Cllr Martin Hill, leader of Lincolnshire County Council, said: “The government has not yet confirmed how much funding we are to receive in future years – typically there is an announcement towards the end of the year.

He noted Internal Drainage Boards would be “severely impacted” and said solutions were being sought to secure funding. The City of Lincoln Council is listed by UNISON as having to find an extra £898,000 next year, however, leaders said their latest estimates put cost pressures at around £2million in 23/24 rising to £2.4million in 24/25.

“No firm decisions have been taken as to what the level of savings will be; we will only determine this when we present the draft budget in January 2023.”

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

thelincolnite /  🏆 121. in UK

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

US accounting industry split on taking private equity cash\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Lire la suite »

COP27 finance: Will richer nations hand over the cash?COP27 finance: Will richer nations hand over the cash?Negotiations on money and compensation are expected to be the main sticking point at this year's climate summit.
Lire la suite »

The international supermarket where you get so much for your cashThe international supermarket where you get so much for your cashMany shoppers had already taken advantage
Lire la suite »



Render Time: 2025-04-04 23:52:48