PA MediaNottingham City Council has declared itself effectively bankrupt, meaning it will stop all spending other than services it must provide by law.
A recent report said the Labour-run council was set for a £23m overspend in the 2023-24 financial year.
The council’s chief finance officer said the authority was unable to deliver a balanced budget.
The officer has issued a report under section 114 of the Local Government Finance Act 1988.
The authority cited increased demand for children’s and adults’ social care, rising homelessness and the impact of inflation as putting extra pressure on its finances.
In addition, it said “past issues relating to financial governance which led to…
