Camden Council schools panel reported struggling budgets even after receiving a 20 million funding boost from the government. Key drivers of financial stress include inflation and a nine percent rise in students requiring special educational needs support. Initially estimating a 2.1 million overspend, the council now forecasts an additional 500,000 excess. With current funding levels deemed insufficient to meet inflationary costs, there are predictions that financial reserves may deplete significantly by 2026/27, prompting the need for schools to adjust their budgets accordingly.
Camden's schools budget is creaking even after a 20 million funding boost from the government, highlighting significant financial pressures due to rising costs.
The budget excess is primarily driven by inflation and a nine percent rise in young people identified with high needs, indicating growing demand for support.
If funding does not see real increases, coupled with significant inflation and utility cost rises, Camden schools may need to plan for reduced spending power.
Local government predictions warn that financial reserves for schools’ higher needs block could be depleted by 2026/27 if current trends in funding and costs continue.
#camden-council #education-funding #financial-pressures #special-educational-needs #budget-overspend
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