Liverpool Council is staring down the barrel of huge financial pressures once again
Liverpool Council leaders said “we will not stop” amid a potential £29m financial blackhole ahead. City officials have warned at the half way point of the financial year, a significant overspend is forecast for the authority in a number of key areas. A mid-year financial report set out how “significant budget pressures” had materialised with huge sums having to be paid out to meet demand on children’s and adult’s social services as well as homelessness.
” The cabinet member added how reviews of the single person council tax discount had generated an additional £750,000 a year, while tax revenues were 17% above the 2023/24 takings. A medium term report said the authority is taking a “more tactical approach” to setting next year’s budget but had welcomed additional investment from the new Labour government to date. Despite this, Cllr Bennett said a degree of uncertainty remained in planning assumptions for the next financial year.
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