Lewisham Council's Cabinet approved significant savings of £29.25 million in the general fund and £4.784 million in the Housing Revenue Account. The council must find £30 million in savings due to previous reserve usage. Identified savings include £6.67 million for 2025/26 and £22.58 million for 2026/27, heavily impacting Children and Young People services and Adult Social Care. Mayor Brenda Dacres highlighted upcoming consultations about frontline service changes and reaffirmed transparency in financial matters, indicating savings from staffing changes and service fee increases.
Lewisham Council's Cabinet approved a report outlining savings of £29.25 million in general fund and an additional £4.784 million in Housing Revenue Account savings as part of a necessary financial adjustment.
The council needs to find £30 million in savings after utilizing £21.89 million in reserves for the 2025/26 general fund budget, requiring further action in the coming years.
Proposed savings for 2025/26 total £6.67 million, while £22.58 million are targeted for 2026/27, with significant cuts anticipated in Children and Young People and Adult Social Care.
Mayor Brenda Dacres emphasized commitment to transparency and necessary consultations regarding the impact on frontline services as the council faces difficult financial decisions.
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