Somerset Council, which was formed in April, is facing an estimated budget gap of £80m in 2024/25.
A council has been told that it must take action to reduce its multi-million pound overspend or it will face bankruptcy.
However, budget forecasts show a large overspend which is expected to grow unless major savings are made. "We have delivered savings when we set the budget for the current year in February but the pressures are much, much greater and the savings needed are on the same scale - much greater."The deputy leader warned that Somerset Council would lose the ability to commit to new spending and take decisions if it was issued with a Section 114 notice.
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