While Shropshire Council's overspend is slightly less than the £10m predicted, the council's director of resources warned that the authority cannot afford to do it again.
It means the authority now has just £7.1m left in its general reserves – less than half the minimum recommended level.
“This highlights an ongoing risk that effective action to address and improve the forecast was not able to be delivered within the year.” The report says interest rates and the soaring cost of both children’s and adults’ social care are to blame for a total overspend of £16.7m across all services. “At the point of setting the budget, our expectation was for inflation to be around three per cent for most of the year. In practice, it has consistently been higher than that.”
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