Camden's financial challenge
We’re proud to provide local public services that support our communities, but along with public services across the country, we face a huge financial challenge.
Since 2010 our funding from the government has been halved, and we’ve had to save £169 million.
By 2022 we’ll need to save a further estimated £35-40 million from our annual budget, including saving £23 million in 2019/20. This means making some difficult decisions.
We have published proposals for how we plan to make the necessary savings over the next three years as part of our budget plans:
The above report was agreed at a Cabinet meeting on 12 December.
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.