📢 Big News in RCT! 🌟
Heads up, Rhondda Cynon Taf folks! Our council is staring at a potential £28 million budget gap for next year. Despite expecting a 2% funding bump from Welsh Government, it seems it won’t be enough to cover the mounting pressures that have built up over the past few years—massive shortfalls have been part of the picture, reaching up to £38 million in recent years.
So, what’s the plan? 🤔 Without drastic measures like a potential 4% rise in council tax, reductions in some services, or even job cuts, the gap might be hard to bridge. And while reducing the deficit by using reserves sounds tempting, it’s more of a temporary fix. The reality is, it could still leave a massive dent in RCT’s finances.
The council will need to consider all available options, including service transformations and thorough budget-saving reviews. Hopefully, with more favourable funding levels from the government, the future might look a bit brighter.
However, the immediate picture is challenging. The council has a statutory duty to set a balanced budget by next March. The pressure is on for the RCT Council to maintain services as we know them.
Let’s stay tuned to see how they tackle this hurdle moving forward. 📈🌍#RCTBudget #LocalNews #CommunityUpdates