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New Lichfield District Council report highlights £2.4million ‘funding gap’

A new report has revealed that cuts of more than £4.8million have already been identified at Lichfield District Council – but a further £2.4million still needs to be found to balance the books in the next three years.

Lichfield District Council's offices. Pic: Lichfield District Council

Lichfield District Council’s offices. Pic: Lichfield District Council

The figures will be discussed at a meeting of the council tonight (February 24).

Councillors will hear about a continued “funding gap” when they debate the local authority’s medium term financial strategy (MTFS).

A report to the meeting reveals that the Fit for the Future programme has already identified £4,839,990 worth of savings, but warns that the council’s cloth needs to be cut even further.

“This programme [Fit for the Future] is being implemented over the next three years, including reviews to accommodate national impacts and local changes,” the report said. “It brings together a series of projects that all aim to reduce the expenditure of the council and also to reshape and redesign the council and its services into one that is fit for the future, with all the challenges that brings.

“To date, savings of £4,839,990 have been identified and are included in the budgetary pressure for provision for inflation, investment income and other variations.

“This means the council is still required to continue working to achieve the balance of savings needed through the Fit for the Future projects to close the funding gap of £2,484,570.”

The meeting will also hear about proposals to introduce 1.99 per cent increases to Lichfield District Council’s portion of the council tax bill for each of the next three years.

The size of the percentage is significant as any hike of two per cent or above would require a referendum which would give local residents the power to veto any potential increase.

A hike of 1.99 per cent would equate to around £2.96 for a Band D property during the 2014/15 period – raising an extra £10,000 a year for the council.

The full council meeting takes place tonight at 6pm.

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Founder of LichfieldLive and editor of the site.

1 Comment

  1. Some Bloke

    24th February, 2014 at 8:44 pm

    Thanks for this summary, Lichfield Live, it is very helpful. The report itself is long and complex, and as has been noted elsewhere recently on the internet, there is small chance many of the elected members will understand it.
    A clear summary as you publish here is invaluable. Thank you, and well done.