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.
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“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.”
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