Wiltshire Council is on track to achieve a slight underspend for the 2023/24 financial year of around £0.4m. This was revealed in the council’s second formal financial update reports, which were discussed in the cabinet meeting on Tuesday, November 14. The capital budget was also discussed in the cabinet meeting, having risen from a forecast £189m at the end of quarter one to £195m at the end of quarter two. The capital budget will typically fluctuate over the year along with the projects it finances, such as the River Park project in Salisbury. More than £66m of the capital budget has been spent so far this financial year, which is approximately 34% of the revised forecast.

Source: The Times November 16, 2023 12:21 UTC