Powys Council finances clock in more than £7 million above budget
6 months ago
Powys County Council ended the last financial year £7.4million over budget – but members have been warned to use the surplus “wisely” amid the cost of living crisis.
The £7.4 million is what's left after money is squirrelled away into reserve accounts as well as set aside to fund building projects, reducing the cost of council borrowing.
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