Camden's Financial Challenge
Introduction
We’re proud to provide local public services that support our communities, but along with public services nationally, we face a huge financial challenge.
Due to funding cuts from central government, increasing demand and rising costs, since 2010 we have had to reduce our budget by £169 million, to be followed by a further estimated £35-40 million from our annual budget by 2022. This includes £23 million in 2019/20.
Proposals
We have published proposals for how we plan to make the necessary savings over the next three years as part of our budget plans:
Camden Council’s Medium Term Financial Strategy 2019/20 – 2021/22 (PDF)
Next steps
The above report was agreed at a Cabinet meeting on 12 December 2018.
The majority of proposals will require further development. We're committed to involving residents and partners as a part of that development process. There will be plenty of opportunities to help shape decisions.
We will keep you updated as work progresses on the MTFS and individual proposals.