Lambeth council has agreed its budget for 2014/15, which includes £25.4m of savings made necessary by an anticipated cut of up to 50 per cent in core funding by government.
While the current focus is on finding £25.4m next year, in total between 2011/12 and 2016/17, Lambeth will face an unprecedented financial challenge of finding a total £188m of savings. However, Lambeth has frozen council tax for the sixth year running.
Council leader, Cllr Lib Peck said: ” With funding cut so drastically, we’ve had to make some tough choices about what we can continue to spend money on. We’ve prioritised services that residents care about most and by working together, we’ll continue to bring new jobs to the borough, reduce crime and protect our children and vulnerable residents and keep our neighbourhoods clean and tidy.”