Shortfall In Government Funding
7:47am 22nd January 2013
Weymouth and Portland will lose £533,459 of government funding to help provide services in the next financial year.
That's a drop of 14.45%....described as extremely bad news...by the borough council's Finance and Assets Briefholder Peter Chapman.
He says that will make setting the budget even more difficult, and they'll also have to revise downwards the funding they can expect to receive in future years, which will increase the budget gap going forwards.
Cllr Chapman's highlighted the Pavilion and Tourism as two areas where they may look cut costs while protecting front line services, but a final decision on budgets won't be made till later next month.
The council 's seen many of its costs, such as fuel and energy, rise far ahead of inflation while income and the value of its investments has fallen.
In the past the borough council has been able to protect services through efficiencies and partnership working despite a 28% cut in government funding over the past two years.
The 'shared partnership' between West Dorset District Council and Weymouth and Portland Borough Council has saved £2million a year with a joint workforce now delivering services for both councils.