We are carrying out a Freedom of Information request to try and ascertain the scale of the funding challenge that local councils are facing in the medium-term future. Please can you answer the following questions:
1. What is your current predicted funding gap by the end of the financial year 2024/25?
£20.719 million
2. What is your current predicted cumulative funding gap by the end of the financial year 2025/26?
£50.973 million
Please see our latest published budget estimates which include our forecasts for future years:
Budgets and expenditure | Devon County Council
The figures quoted above come from the penultimate row (Further savings required), Key Table 4, page 12 of Budget Book 2023/24 which can be opened from a link on the webpage above.