Cambridgeshire County Council Faces £40m Budget Gap
Cambridgeshire County Council is facing a £40.3million budget gap for next year, with officers warning that savings need to be found to bridge the gap.
A meeting on October 23 was told that the authority will need to find savings or further income to address the issue, which has been exacerbated by a £12.3million overspend on this year's budget.
The council's current "significant overspend" is expected to have an "unsustainable impact on the council's reserves".
- £40.3million: the forecast budget gap for next year
- £12.3million: the overspend on this year's budget
Officers said there had been a "substantial widening" of the forecast budget gap since the start of the financial year.
A report by the county council cited "significant increased costs" resulting from the end of the pooled learning disability budget with the NHS as one of the reasons behind the gap.
Author's summary: Cambridgeshire County Council faces a £40m budget gap.
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