The £3.2 million financial gap Nottingham City Council said it still faced next year could be plugged by extra Government funding rather than more cuts. But the authority's outgoing finance director said next year's budget would still be the most challenging one in more than 20 years.
Nottingham City Council is still looking into the impact of the Government's proposed funding settlement for councils across the country next year. The planned settlement, which was released on December 19, would see the council's spending power increasing by 9.9%.
It comes after the authority recently released proposals to fill a financial gap of £32 million next year. Despite planning savings with measures including the axing of 110 jobs and a 5% council tax increase, Nottingham City Council said it still needed to find another £3.2 million to balance its books from April.
