Sunderland to raid reserves

By Martin Ford | 12 October 2021

Sunderland City Council has said it will have to raid already-earmarked reserves to close a £26m funding gap next year.

Ahead of a consultation on its budget for the next financial year, the council warned its forecast funding for services fell short by some £26m for 2022-23, rising to a total gap of £56.7m over the next four years.

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