Barnet Council budget gap ‘will rise to £62m by 2024 without tough decisions’
Conservative leader Richard Cornelius - Credit: Archant
Barnet Council’s budget gap could rise to an estimated £62million by March 2024 if action is not taken, the town hall heard on Monday.
The budget gap for 2018/19 is already £10m and will grow to £42m during the 2021/22 financial year.
The council’s policy and resources committee met to agree how the council should tackle the issue on Monday night.
Council leader Cllr Richard Cornelius (Con) said: “We are absolutely determined to ensure the future prosperity of the borough, and that means taking a rigorous approach to managing council finances.
“We have to ensure everything we spend is an efficient and effective use of resources and delivers value for money to our residents.
You may also want to watch:
“That may mean making some tough decisions in the years ahead.”
But West Finchley councillor Ross Houston (Lab) said: “We went through a local election thinking council finances were under control, and, quite clearly, they were not.”
Most Read
- 1 'Real disappointment' over uptake of Covid vaccine among care home staff
- 2 Leila Roy tributes: 'We will miss her energy and her big heart'
- 3 Camden disabled resident on fears over Haverstock Hill cycle lanes
- 4 Two teenagers stabbed in Kilburn and South Hampstead in separate attacks
- 5 O2 Centre redevelopment consultation opened by Camden Council
- 6 Thanks, traffic, Women's Day, U3A, Haverstock Hill and Covid
- 7 Joe Montemurro full of praise for Jordan Nobbs following Arsenal's win over Aston Villa
- 8 Thames Water under fire for Highgate tree felling
- 9 'Dumped and forgotten': Homeless families on life in England's Lane hostel
- 10 Sven Badzak: Two more arrested on suspicion of murder