Somerset Council is the latest authority to raise the prospect of a possible section 114 notice.
Officers at the new unitary council have estimated its budget shortfall will reach £100m by 2025-26, while its dedicated schools grant deficit is expected to total £70m by the time the statutory override currently in place is due to end in 2026.
In a report to a meeting of senior councillors due to take place next week, officers described the situation as ‘stark and challenging’ and warned it ‘raises the very real prospect of a section 114 notice’.
To continue reading visit The MJ (£).
If this article was of interest, then check out our feature, 'Preventing future Section 114 notices'.
