Nottinghamshire County Council forcasting £30m gap in finances

Despite projecting a £30m financial deficit over the next two years, Nottinghamshire County Council still believes that it remains in a relatively strong financial position.

The council has recently initiated a public consultation process in preparation for setting its budget for the upcoming fiscal year.

During this, residents are being asked for their views on potentially raising council tax.

The council, led by the Conservative party, anticipates a budget shortfall of £30.8m spanning from the fiscal year starting in April of the coming year to April 2026.

The primary challenges to the council’s budget lie in adult social care and public health.

In its consultation, the council asks residents if they’d support raising the council tax and adult social care levy. Any potential increases will be discussed in February, with a maximum limit of a 5% combined rise before a referendum is required.

Cllr Rixhr Jackson, cabinet member for finances said: “As a council, we are acutely aware that households across Nottinghamshire continue to experience significant financial pressures, which means we must strike the right balance between easing the cost-of-living pressures our residents are facing and continuing vital services for vulnerable residents.

“I believe we have a proven track record in delivering savings while maintaining and delivering high-quality frontline services in Nottinghamshire over a significant period and this council continues to be in a relatively strong financial position.”