PRUDENT borough leaders look likely to end the financial year hundreds of thousands of pounds in the black – despite deep central Government funding cuts.
Economic forecasters at East Staffordshire Borough Council have predicted the authority will achieve a £622,000 under-spend of its £13.5 million annual budget.
The savings look to be made despite the finance bosses having to make £2.4 million – or 29 per cent – worth of savings since 2011-12.
Julian Mott, leader of the borough council also said the authority would aim to freeze council tax in 2015-16.
The authority’s positive fiscal situation will be discussed at its cabinet on next Monday.
In a report to be presented at the meeting, it said: “This is a pleasing position given that substantial savings have been built into the budget in recent years.
“This has been in response to the unprecedented funding reductions from central government.
“This can be an extremely volatile budget to forecast, with a number of factors that can have a significant impact on our projections.”
The borough council’s leader Julian Mott said: “Providing strong finances is something the council’s new administration is prioritising.”