Find local news in Kent

Home   Medway   News   Article

Medway Council to tackle £6.1million overspend

00:00, 29 September 2014

updated: 10:22, 29 September 2014

Council directors are being asked to come up with new cost-cutting ideas as Medway risks running £6.1m over budget.

Papers going before Medway Council’s cabinet tomorrow outline the first round of monitoring since the council set a budget requirement of £331.431m and raised council tax by 1.99% in February.

Published figures predict overspending in excess of £4m on general fund services; £1m on regeneration, community and culture; £615,000 on business support and £73,000 on levies.

Businesses in Kent can apply for a loan from a £200 million fund set up for the county by HSBC
Businesses in Kent can apply for a loan from a £200 million fund set up for the county by HSBC

Finance chiefs have concluded the predicted £6.1m overspend should be reduced to £4.2m by planned management action.

They said the first round of monitoring is "generally the most pessimistic forecast of the year", adding: "Directorate management teams will continue to identify measures to contain expenditure within the overall budget."

The cabinet is recommended to instruct directors to "come forward with further proposals for management action to reduce the potential deficit."


Stories you might have missed

Man jailed for terrifying 'Home Alone' burglary

Kent MP targeted in newspaper sex sting

Car overturns on main road

Astronaut spotted on beach


This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies - Learn More