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Chronicle Live
Chronicle Live
National
Chris Binding

South Tyneside Council is facing a £3.5m funding black hole

South Tyneside Council is facing a £3.5 million funding gap to balance the books next year, under the latest predictions from finance chiefs.

Figures were revealed this week during an update on the council’s Medium Term Financial Plan, which will include an annual budget for 2023/24.

The finalised budget is normally presented in January or February every year setting out investments and savings the local authority has to make.

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