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Rhondda Cynon Taf Council is now taking a glance to run a budget gap of more than £6m for next year. Following the announcement of the Welsh Government’s provisional funding settlement for councils last week, RCT is now facing a £6.82m. budget gap for next year.
Barrie Davies, who’s the council’s director of finance, updated cabinet members on the latest budget situation on Monday, December 16. The council has been able to make some early budget cuts value £10.28m, along side £7.32m in efficiencies, £70,000 via the legal management structure and from decisions previously made such as £1.57m from dwelling to faculty transport, £564,000 from waste series arrangements and £750,000 from the council tax top rate update.
Nonetheless there’s also an additional budget requirement of £10.6m, which involves a discount of £1.5m within the vitality budget requirement, £3m in additional assets relating to particular grants, £2.5m via inescapable budget pressures such as children’s services, £1m via major weather tournament contingency, £3.6m via trace increases to contracted in services along side dwelling wage increases and national insurance expenses, £1m via employee expenses and £1m via replenishing general fund balances. Along with £29.24m in additional assets from Welsh Government this leaves a budget gap of £6.82m. To rating all the latest daily Wales Online information straight to your inbox, register to our newsletter right here.
The Welsh Government’s provisional settlement for local councils was announced on Wednesday, December 11. The average settlement across Welsh council was 4.3% with RCT getting 4.7%. Capital funding for RCT is determined to increase from £13.82m to £15.47m.
A preference of transfers into the local authorities settlement consist of teachers pay and pensions, NJC pay and fireplace pay and pensions. There are over a £1bn of particular grants with a quantity detached to be confirmed.
The medium term financial plan offered to cabinet and corpulent council in September identified a budget gap of almost £92m over the next three years and £35.7m for next year alone. This adopted two years of the largest budget gaps the council had ever faced.
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