MANCHESTER council is facing the prospect of its budget gap growing to £108m over three years.
But the town hall says its finances are not as bad as Birmingham council's which effectively declared bankruptcy earlier this week.
The local authority is currently forecasting that the gap in its budget will rise each year and reach £108m by 2026. Some savings have been identified and cash reserves could be used to close the gap - but a £72m shortfall remains.
The savings plan for this year has not been successful so far. In July, the council revealed it was expecting to overspend on its budget by nearly £9m.
Denne historien er fra September 08, 2023-utgaven av Manchester Evening News.
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Denne historien er fra September 08, 2023-utgaven av Manchester Evening News.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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