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Northants confident it will balance budget by April

Northamptonshire County Council remains on track to balance its 2018/19 budget by the end of the year, according to council officers.

The authority’s latest monthly revenue monitoring report shows a forecast overspend of £0.9m for the year, an improvement of £0.5m on last month’s figure.

The report said: “The Section 114 notice approved by council in August 2018 identified a financial gap for 2018-19 of £64.4m.

“This gap subsequently rose to £65.6m.

“Six months later, at Period 10, this gap has reduced to £0.9m, which means the council has successfully identified and implemented savings of £64.7m in a six-month period and anticipates balancing the budget by the end of the financial year.”

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Room151’s head of research Dan Bates reflects on the ‘generally positive’ business rates technical consultation and sets out what will be needed in the upcoming summer consultation on funding reform.

(Dan Bates)