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Wigan Town Hall
But the “financial hole” caused by a drastic fall in anticipated income to the authority’s collection fund could cause resource and budget pressures for years to come.
The Chartered Institute of Public Finance and Accountancy, a trade body, has warned that the end of Government funded Covid support could make it even more difficult for councils to repay the deficit.
The collection fund represents income and expenditure relating to council tax and business rates, with estimates used to help set local authority budgets.
Coun Nazia Rehman, cabinet member for finance resources and transformation at Wigan Council, said: “The £495,793 is an estimate at this stage and the Council is monitoring the position as the year progresses. The Council will also look to access the Government’s 75 per cent of irrecoverable council tax and business rate loss support.
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