Council leader Ben Bradley says it is not 'financial armageddon'
Soaring inflation and rising costs will mean Nottinghamshire County Council needs to find an extra £24m to balance its books next year. The shortfall could be made up through savings and council tax increases, the cabinet member in charge of finance has indicated.
Ashfield District Council also revealed last week that it is facing a £3m shortfall but says all the “easy options” to claw back cash have already been taken. And commenting on Nottinghamshire County Council’s financial pressures, Councillor Richard Jackson , portfolio holder for finance, revealed similar pressures are being faced at County Hall.
“We’re looking at whatever we can do internally to assess how we deliver them without reducing services. The fair funding review absolutely needs to come forward. We’re waiting for the Chancellor to say what the Government’s thinking is in terms of additional funding.
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