Proactive steps are being taken to ensure the Council remains able to set out a balanced budget in the long-term, including transforming services to run in a more sustainable and efficient way.
A proactive cross-party approach to the Council’s financial sustainability will be taken to manage the challenging budget situation which Sheffield City Council, like many other local authorities, faces.
Today (Thursday 21 December 2023), at Sheffield City Council’s Extraordinary Strategy and Resources Policy Committee, Councillors were given a positive, but realistic, update on the financial outlook for the council and the budget for 2024/25.
Over the past 13 years, Sheffield, along with many other local authorities, has seen significant reductions in funding from central government. Alongside this, demand for services is rising.
To support people with increasing living costs, the council set up a package of support last year to help anyone in the city who is facing financial hardship.
