Rugby council's Government funding could be slashed from £2.6m to £299k
![Rugby Town Hall.](https://www.warwickshireworld.com/images/T0FLMTE5MTU5MzU5.jpg?crop=3:2,smart&width=640&quality=65&enable=upscale)
![Rugby Town Hall.](/img/placeholder.png)
The figures are outlined in Rugby council's Medium Term Financial Plan, which sets out the authority's financial situation from now until 2019-2023.
In this plan, council officers have projected that Government funding for 2020/21 would total £2.6m, falling to £1.4m in 2021/22, then to £968k in 2022/23 and ending at £299k in 2023/24.
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Hide AdThe huge loss of income is predicted to come from the scrapping or reduction of Government grant schemes, including the New Homes Bonus (NHB) - which the Advertiser has previously reported on.
![The red arrow shows the column concerned with Government funding. Source: Rugby Borough Council's agenda for the December 2 cabinet meeting.](/sttms.blob.core.windows.net/images/T0FLMTE5MTU5MzYw.jpg?crop=3:2,smart&width=640&quality=65)
![The red arrow shows the column concerned with Government funding. Source: Rugby Borough Council's agenda for the December 2 cabinet meeting.](/img/placeholder.png)
These figures are not certain, but are a prediction made by council officers based on what information they have.
And the report adds that the the announcement of a General Election has confused the matter.
View the report in full by visiting www.rugby.gov.uk/meetings/meeting/978/cabinet