A £4 million increase in Renfrewshire Council's predicted shortfall in just three months has been branded "quite worrying" during a key debate.A potential black hole of £31m in the next three years, first estimated in June, has already deteriorated to £35m, painting a bleak financial picture for the local authority.The seriousness of the situation was laid bare in a report by finance director Alastair MacArthur, who warned of the "rapidly increasing levels of risk" on the horizon and said the council's stability was "under much greater pressure" than that of the last decade.Picking up on the paper at today's meeting, Councillor Alison Ann-Dowling, the Labour group's finance spokesperson, drew comparisons between the council's financial position and that of the economic turmoil being experienced across the United Kingdom.She said: "The most immediate issue that jumps out upon reading this report is the jump to £35m projected shortfall from £31m just a couple of months ago, which is quite worrying and, by coincidence, seems to mirror what's going on today in our economy."[We're seeing] very sudden changes and movements that have presented challenges that we're all going to have to consider going forward."Don't miss the latest headlines from around Renfrewshire.
Sign up to our newsletters hereAt the end of June, council agreed £35m in savings should be targeted over the next three years.The latest report confirmed steps are underway to reduce costs and increase efficiency.Councillor Ann-Dowling said the content of the document was "very high level" before requesting further detail be provided at the end of the year.She said: "It's really necessary, given the scale of the financial challenges that we're facing, that we start
Read more on dailyrecord.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.