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Nottingham Post
Nottingham Post
National
Oliver Pridmore

Nottingham City Council confirms £3.2million financial hole has been filled

Nottingham City Council has confirmed a remaining gap in its budget of around £3million next year has been filled and the authority will not need to find any extra savings. The council revealed last December that it was making savings of around £29m, with plans including the axing of 110 council jobs an an increase in council tax of 4.99%.

But the council said despite all the proposals made, which also included the withdrawal of the wheelchair hire service at the Victoria Centre, a gap of £3.2m still remained for the upcoming financial year, starting in April. The authority said it was working between December and its executive board meeting this month and filling the remaining gap.

But ahead of that meeting next Tuesday (February 21), the council said the remaining £3.2m gap has been closed. In papers to be presented at the meeting, the authority said that the Government's latest funding settlement and the latest projections around business rates both mean a net increase of £11.2m compared to the situation presented in December.

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