PARLIAMENTARY WRITTEN QUESTION
Local Government Finance: Nottingham (30 December 2020)
Question Asked
Asked by:
Lee Anderson (Reform UK)
Answer
Under the Local Government Finance Act 1988, there is statutory duty placed on the chief finance officer of local authorities to issue a Section 114 if they judge that the Council is unable to set or maintain a balanced budget. This decision rests at the local level and it is for the Council to make. Government has no role to play in the issuing of a Section 114 notice. All councils have a legal duty to balance their budgets and it is right that Nottingham Council takes the decisions it considers necessary to manage its own finances.
Answered by:
Luke Hall (Conservative)
15 January 2021
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