For more than two years Coventry has been open and transparent that nearly all local authorities – of different sizes and political colours – are facing unprecedented financial challenges due to long-term underfunding in the sector.
We face a £10.8m net gap for 2025/26. In addition to the underfunding issue, this is largely caused by financial pressures in social care and housing. Additional government resources have helped mitigate pressures, but savings are still expected to be required to balance the books.
We've put together these webpages to help explain the situation, detail our proposals and advise you on how to have your say. We'll also be sharing information on our social media pages and in our weekly newsletter.
Get the latest news about our finances
Feedback on Council pre-budget proposals
A consultation has started which is encouraging residents, businesses and organisations in Coventry to tell us what they think about a list of proposed financial savings.
Published: Wednesday, 11 December 2024
Report highlights Coventry’s financial budget challenge
Options listing the stark savings proposals that Coventry City Council will need to consider in order to meet its legal duty of setting a balanced budget will be discussed by councillors next week.
Published: Tuesday, 3 December 2024
Council hears young people’s views on challenging budget plans
Young people, from Coventry, were able to quiz council bosses about how the local authority plans its budget, at a special workshop, titled, ‘A conversation with’, designed to empower youth voice.
Published: Thursday, 7 November 2024
Government’s Budget and short-term plans fail to solve Council finances problems
Following the Government’s Budget announcement, our Cabinet Member for Finance says he isn’t surprised by further Government inaction on addressing the local government funding crisis.
Published: Thursday, 7 March 2024
Tough choices in order to protect key frontline services.
Coventry City councillors are to decide next week on proposals that will allow the Council to meet its legal duty of setting a balanced budget.
Published: Tuesday, 13 February 2024
Council set to consult on ‘tough’ budget choices
Consultation could start next month on a ‘tough but essential’ set of possible budget cuts as Coventry City Council addresses a ‘financial crisis brought on by years of under-funding’.
Published: Monday, 4 December 2023
Coventry City Council finances - frequently asked questions
There’s been a lot in the news about our finances. So we thought we’d answer some of the most frequently asked questions.
Published: Monday, 11 December 2023