A proactive cross-party approach to the Council’s financial sustainability will be taken to manage the challenging budget situation which Sheffield City Council, like many other local authorities, faces.
Sheffield City Council will provide an update on its financial position and reaffirm its commitment to ensure a stable and sustainable authority that delivers for the city and its residents, in a report being presented to the Strategy and Resources Committee on 10 July 2025.
Over the past 13 years, Sheffield, along with many other local authorities, has seen significant reductions in funding from central government. Alongside this, demand for services is rising.
The Housing Revenue Account (HRA) for 2023/24 will be discussed at this week’s Housing Policy Committee which outlines how we propose to balance the HRA budget, what we’ve already achieved and what our priorities will be for the year ahead.
Proactive steps are being taken to ensure the Council remains able to set out a balanced budget in the long-term, including transforming services to run in a more sustainable and efficient way.
Sheffield welcomed Homes England to the city so development partners could come together and see progress on the latest projects and discuss future opportunities.
Today (Thursday 21 December 2023), at Sheffield City Council’s Extraordinary Strategy and Resources Policy Committee, Councillors were given a positive, but realistic, update on the financial outlook for the council and the budget for 2024/25.
