Potential £187m gap in council budget
THE HIGHLAND Council has revealed it is facing a potential £187 million budget gap over the next five years.
At a full meeting of the Highland Council today (Thursday June 29) councillors will hear of the £130 million to £187 million gap facing the local authority.
In a report to the Highland Council, finance director Derek Yule said: ‘ While this is not an absolute position it does demonstrate a significant and worsening financial position.’
He will tell Highland councillors that one of the main challenges facing the council over the next five years will be a ‘lack of financial resources’.
Mr Yule claims the council needs to ‘consider the implications’ of reducing its current annual capital spend from around £100 million to £ 55 million to address financial challenges.
It is not yet clear what services may be effected by potential cut backs.