Wolverhampton councillors to debate cuts to help fill predicted £32m black hole
Wolverhampton councillors are set to debate the latest round of cuts to shave £7 million off this year’s council budget.
The authority set a revenue budget spend of £320m for the current financial year which included raiding reserves for £6m to balance the books.
Like many local authorities, Wolverhampton is being forced to make cuts to fill a gap between income and spending – the council expects the black hole to be a whopping £32m in three years time.
A report for a meeting of Wolverhampton Council's Scrutiny Board meeting on September 10 says: “There continues to be a considerable amount of risk with regard to the council’s finances, particularly in relation to increased costs and demand and uncertainty regarding future funding streams for local authorities over the medium term.
“While progress has been made in responding to the council’s financial challenge, more work is required to ensure that the council is able to set a balanced budget for 2025-2026 and has a sustainable medium term financial strategy.”
