Colchester City Council is set to discuss its latest budget assessment at a meeting of the Governance and Audit Committee on 28 November. Council leaders warn that increasing costs and demands for temporary accommodation are placing additional significant pressures on the council’s budget.
Projected increases in demand for temporary accommodation for Colchester residents who become homeless could cost the council an extra £860,000 this year, or £1.4 million to end of March 24. This will further increase the Council’s budget gap.
This follows on from the City Council’s Housing Insights Report 2023, which examined the impact of the housing crisis and challenges facing the Council. This revealed that, like many across the country, Colchester residents are struggling to cope with a shortage of affordable housing and a rise in private rental costs, at a time when demand is increasing, and house prices are high.
https://www.colchester.gov.uk/info/cbc-article/?catid=latest-news&id=KA-04532
