Nottingham City Council News 2025 Budget. Nottingham city council would need to increase council tax by 46% or receive a 70% rise in government funding to continue operating as it has done, a new report states. Nottingham city council has launched formal consultation on draft proposals put forward to close a £50 million gap in its funding for 2024/25.
Nottingham city councillors have approved cuts to jobs and services aimed at plugging a £53m budget gap. The latest figures show the council is facing a budget gap of £69m in the 2025/26 financial year, and a total gap of £172m over the next three years.