Archive by category Budget

City Council sets its budget – agrees Government package for the future

City Council sets its budget –  agrees Government package for the future

Nottingham City Council has accepted an arrangement with Government allowing it to borrow £20m this year, which will help to secure stable finances over the coming years, as part of an overall package of £35m offered to the council. Earlier this week the council set its budget for the forthcoming 2021/22 financial year, making limited use of […]

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Council agrees budget for recovery following difficult Covid year

Council agrees budget for recovery following difficult Covid year

A meeting of Nottingham City Council’s Full Council today, Monday 8th March, agreed a package of budget proposals as it establishes a sustainable financial footing amid the Covid crisis. Whilst the medium term financial future contains many uncertainties, the council has approved £15.6m of savings and limited use of reserves to deliver a one-year balanced […]

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Nottingham City Council sets out plan for recovery and improvement

Nottingham City Council sets out plan for recovery and improvement

Nottingham City Council has set out how over the next three years it will address the financial and governance issues raised in a Government review, to strengthen the authority for the future. A rapid non-statutory review was carried out last year on behalf of the Ministry of Housing, Communities and Local Government, following a Public […]

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City Council’s Covid budget proposes £15.6m of cost savings in response to ‘extreme’ Covid challenges 

City Council’s Covid budget proposes £15.6m of cost savings in response to ‘extreme’ Covid challenges 

Nottingham City Council has set out proposals to make £15.6m of savings to help balance the budget for 2021/22 as it establishes a sustainable financial footing amid the Covid crisis. Anyone interested in finding out more about the proposals can take part in a consultation by clicking here The council is setting out new ways of […]

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City Council ‘not on verge of bankruptcy’ says Leader

City Council ‘not on verge of bankruptcy’ says Leader

Nottingham City Council has fully accepted the findings of a rapid review carried out on behalf of the Ministry of Housing, Communities and Local Government. However, the Council’s Leader has made clear that the authority is not on the verge of bankruptcy. Councillor David Mellen said: “The report does not use the word ‘bankruptcy’. It […]

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Stand by our communities during this crisis urges Councillor ahead of Government Spending Review

Stand by our communities during this crisis urges Councillor ahead of Government Spending Review

The City Council’s portfolio holder for finance and growth has written to the Chancellor ahead of the Government’s Spending Review on Wednesday, urging him to stick to his pledge to cover the costs of Covid, give councils a three-year funding package and to properly fund local key workers and public facilities. Cllr Sam Webster says: […]

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Government’s broken Covid pledge and ongoing austerity mean £12.5m more City Council budget reductions

Government’s broken Covid pledge and ongoing austerity mean £12.5m more City Council budget reductions

Nottingham City Council has agreed £12.5m of budget savings to balance its 2020/21 budget as unmet Covid costs, along with another year of Government cuts, take their toll. The Council has had to make cumulative budget savings totalling £271.4m over the last ten years and since the start of the pandemic the financial strain Covid-19 […]

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City Council agrees an action plan to improve governance following auditor’s report

City Council agrees an action plan to improve governance following auditor’s report

City councillors have agreed a comprehensive series of actions to improve governance arrangements at the council as well as for Robin Hood Energy and other council companies. The Action Plan addresses recommendations made by the council’s external auditor in a Report in the Public Interest into the council’s governance of Robin Hood Energy Ltd, the […]

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