Wiltshire Council facing £12.4m overspend this financial year
The authority hopes to reduce it to £6 million
Last updated 28th Sep 2022
Wiltshire Council's forecasting an overspend of around £12.4 million during this financial year.
But the authority say they have £9 million in reserves to help deal with inflation pressures.
They're also hoping to try and reduce the overspend to around £6 million, through 'mitigation actions'.
We're told Wiltshire Council's already achieved 45% of their identified savings, as of the end of June, and expect 84% to be reached by the end of the financial year.
Cllr Nick Botterill, Wiltshire Council Cabinet Member for Finance, said:
“This continues to be a really challenging time for all given the often volatile and unpredictable nature of the national financial picture. However, we’re continuing to monitor our own financial situation in a transparent and robust way to ensure that we’re in the best possible position to quickly adapt to any quickly changing situation or issues that may arise.
“As stated in our Business Plan, we want to deliver value, which, given the increasing cost of living, is more important now than ever. And we’ll continue to provide the quality services that our residents rely upon, looking at ways we can invest in and improve the county while focussed on the bigger picture and not just short-term fixes.
“Given the level of inflation and cost of living crisis times are undoubtedly difficult for everyone, and the council’s financial position is no different, however we have prudently set aside one off funding to deal with the inflation pressure this financial year. We’ll continue to manage the position and keep people updated as we progress during this financial year.”