Nottingham City Council is once again having to draw up plans to find significant savings after revealing a gap of £26 million in this year's budget. Beyond that, the authority is then forecasting a gap of £58.7 million over the next four years, including £51 million next year.
The council has not yet definitively said how much of the budget gap will be filled through savings, or which services those savings might affect. It was announced last year that the city council was forecasting a gap of £29 million in the budget for this financial year, which runs from April 2023 until April 2024.
As a result, it announced it would be taking measures such as increasing council tax by 5%, cutting 110 jobs and increasing car parking charges. Despite that initial gap having been filled, the council says that a £26 million gap has now arisen in this year's budget and will have to be addressed by the end of next March.
