Hastings BC may be forced to issue a section 114 notice this financial year unless it makes massive financial cuts, the Local Government Association (LGA) has warned in a leaked report.
An LGA presentation summarising the findings of an unpublished finance peer review, seen by The MJ, said the council had ‘relied on the use of reserves to balance its budget’ and would exhaust them by the end of 2024-25 ‘unless drastic action is taken’.
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