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Budget conversation 2021/23
Background
We are seeking your views on the financial challenge Bury faces during the coming years. Significant reductions to funding and the impact of the Covid-19 crisis mean we have to make budget reductions in the next four years.
The way the council gets money has changed – we’ve lost £101m of government grants in the last 10 years and there is increasing demand for services – particularly in adults’ and children’s social care, which together make up two-thirds of the council’s budget.
The latest budget forecasts are that the authority will need to make cuts of £64 million over the next four years.
The recommendation is that around half of this shortfall will be met by using the council’s reserves to cover one-off losses of income due to the impact of Covid-19, but the rest will have to be made up by cuts to council spending on services. Under current plans, there will still be a gap of £15 million after the current cuts being proposed have been factored in.
The report put forward to Cabinet makes proposals about the £21m savings for the next two years (2021/23).
We are now asking for views on these proposals to help shape and guide decisions.