Figures presented today at Cambridgeshire County Council's Cabinet meeting paint a grim picture of the Council's finances.
The Council is currently forecasting an overspend of £4.9 million before financing charges.
The bulk of this is a £3.3 million black hole in Adult Social Care from the shared budget with Cambridgeshire NHS.
Fiona Whelan, Lib Dem Spoke for Adult Social Care said: 'Finally the Cabinet has been obliged to report these numbers although it's been aware of the problem since August. Cabinet is now saying that its appalling financial mismanagement is bound to result in major service cuts this year. This will be compounded next year as local authority budgets get tighter.'
Adult Social Care however is only a part of the problem. There are also significant overspends in traffic management, physical disability and sensory services, libraries, student finance, the Grafham Water education centre, the school meals service, Groomfields, children's social care and building support and facilities management. And furthermore there are said to be (amazingly) salary pressures!
Lib Dem group leader David Jenkins said; 'I take no pleasure in this news although it is a recurrent theme in Cambridgeshire. As long as I've been a councillor the Tory council has shown its inability to manage our money. Year after year there are overspends and cutbacks and services suffer. Cambridgeshire's people deserve better'.
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