Forecast budget gap for city council narrows as finances improve
Sheffield City Council has released a stronger long-term financial outlook, alongside plans to address short-term budget pressures.
It says its financial position has signficantly improved in comparison with previous forecasts. The council’s mid-case forecast identifies a budget gap of £10.4m by 2030/31, compared to funding gaps which were previously expected to be closer to £70m over a similar period.
The council said its healthier position reflects expected benefits from national funding reforms, robust financial manageme... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
