Senior councillors will be told that schools need a £7.4 million cash injection in next year’s budget to stave off the worst case scenario of the financial collapse of education in Powys.
Senior councillors will be told that schools need a £7.4 million cash injection in next year’s budget to stave off the worst case scenario of the financial collapse of education in Powys.s Liberal Democrat/Labour cabinet on Tuesday, December 17, councillors will receive a report that recommends the cash injection in a bid to bring down predicted deficits in schools by over £10 million by the end of March 2027.
If the financial injection is agreed in the new year, it is predicted that cumulative deficits for the end of March 2026 of £7.588 million will come down to £3.790 million. Both of these will result in even further demands for financial resources to deliver the required improvements.” The calculations are then based on assumptions that future budgets would be “cash flat” which means that all extra funding for increased demands and inflation would need to be met “within” existing budgets.
This has seen the cumulative school reserves drained, with only £900,000 left in this pot on March 31.Head of finance Ann Phillips said: “The council is finalising its budget modelling and has included the resource required to fully fund the school funding formula.
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