Cheshire East predicts shortfall on savings
Cheshire East is facing a predicted shortfall of more than £15.2m in 2027/28 – and this is after proposed savings of £13.3m have been taken into account.
A report to tomorrows meeting of the cabinet calls on all councillors and departments to 'focus on further transformation work and savings ideas generation work to reduce down the predicted shortfall in funding’.
The council only managed to balance its books this year by using £24.995m exceptional financial support from government by way of an 'in-principle' capitalisation direction.
The report from the council's finance department states: "This is not sustainable and needs to be addressed in this year for the council to become financially sustainable.”