Sad news to bring you this morning
City of Lincoln Council leader Ric Metcalfe has told fellow executives “we have a problem,” as the authority says it is looking at “all options” ahead of a £1 million budget shortfall.
The councils Housing Revenue Account, which oversees repairs and maintenance is forecasting a £161,000 shortfall.It leaves the council scrabbling to find further cuts and changes that will save it money. However, it is unclear currently where those slashes may take place, with further reports due to go before future executive committees.
“We will do our utmost as we have been doing over many years now in trying to make savings without an adverse impact on services and jobs at City Hall. “We’ve taken, we believe a disproportionate share of the reduction in public expenditure over 10-12 years. This council alone, on a very moderate revenue budget, has driven out about 10 million pounds savings.
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