Shropshire Council now has less than half the minimum recommended level of money in its reserves.
Councillor Lezley Picton said staff and the cabinet had"worked their socks off" to get the overspend down from a worse case scenario of £17 million.
In his report James Walton, director of resources said the overspend was slightly less than the £10m predicted at the end of quarter three.Presenting the report Councillor Gwilym Butler, said no one could have expected interest rates to have risen as they had over recent months or that there would have been such a cost of living crisis.
The strategy is also intended to help build the council’s general reserves back up to a sustainable level, which its auditors say should be between £15m and £30m."Shropshire Council is in danger of jeopardising its financial solvency," he said. Responding Councillor Picton said:"Everyone is working their socks off to deal with this. The staff are doing fantastic work and yet they are getting constant criticism."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Council fights plan for for solar farm on edge of Shropshire HillsAllowing a new solar farm to be built on the edge of the Shropshire Hills Area of Outstanding Natural Beauty would harm the landscape and take valuable agricultural land out of food production, a hearing has been told.
Consulte Mais informação »
Council defends move to refuse Shropshire solar farmBuilding the facility in south Shropshire would harm the existing landscape, a hearing is told.
Consulte Mais informação »
The name's Bond: Shropshire showing of film about real James Bonds to attract special guestsThere will be two very special guests at Oswestry's Film Society on Thursday when The Other Fellow, which looks at some of the world's real James Bonds, is screened.
Consulte Mais informação »
Media giant 'in talks' to acquire south Shropshire broadcaster Sunshine RadioEurope's largest commercial radio company is understood to be in talks to buy a small independent radio station that broadcasts to Shropshire and the borders.
Consulte Mais informação »