FINANCE

Reserves warning in face of predicted overspend

Hartlepool Council has warned it may have to dip into its reserves if it fails to make savings to reduce a £920,000 in-year overspend.

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By Dan Peters | 23 November 2018

Hartlepool Council has warned it may have to dip into its reserves if it fails to make savings to reduce a £920,000 in-year overspend.

The council has previously used its reserves after recording ‘significant' overspends on its general fund budget in 2016/17 and 2017/18 due to ‘continuing service pressures'.

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Dan Peters

Popular articles by Dan Peters

  1. Budget: Minimum wage and National Insurance rises to hit councils
  2. Select committee member loses Labour whip as police investigate
  3. More 'unpalatable' decisions ahead, says finance chief
  4. Rayner paves the way for standards
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