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‘Local taxation could drop £168m’ in Cambridgeshire warning

Cambridgeshire’s economy is going to be “hit hard” by the pandemic, with councils at “significant financial risk,” a report by finance officers has warned.

A briefing from the county’s local authorities’ finance officers to MPs and local leaders in June said “the largest projected impact” on councils’ finances will be from a predicted drop in local taxation, which has the potential to cause cash-flow problems this year, but will be felt in councils’ budgets in the next financial year.

It said local taxation could drop by £168million in Cambridgeshire as a result of the pandemic.

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