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- Reserves will be used to provide a short period of time to enable a fundamental review of the budget and develop a new approach to budgeting to make the Council more sustainable in the future. Despite using reserves the Council will still need to make savings of £45m over the next five years.
www.gateshead.gov.uk/article/20387/Gateshead-budget-agreed-but-reserves-used-to-manage-shortfallGateshead budget agreed but reserves used to manage shortfall
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Feb 24, 2022 · Despite using reserves, the council will still need to make savings of £45m over the next five years. Gateshead Council leader Martin Gannon and leader of the Liberal Democrat...
Nov 22, 2023 · Our latest funding forecast, in the Medium Term Financial Strategy, has identified a funding gap over the next five years of £49.5m. Without an increase in funding from Government the...
Feb 22, 2022 · Despite using reserves, the council will still need to make savings of £45m over the next five years. The borough plans to spend £5.9m on adult social care and £2.9m on...
Oct 24, 2021 · Despite the use of reserves, the council will still need to save £45m over the medium term. The report said: "Based on local estimates outlined in this report, this Council estimates that...
Dec 20, 2022 · We estimate that we will need to find at least £10m in budget savings for 2023-24, with an estimated financial gap of £55m over the next five years. Our consultation will be seeking views...
Based on local estimates outlined in this report, the council estimates that overall, it will need to close a cumulative financial gap of £55m to 2027/28. In calculating the gap, £14m reserves...
