Our spending plans for 2017-18 were approved by the council on Wednesday 22 February 2017.
The revenue budget includes our spending on day to day services, such as provision of care to older people, and keeping our libraries and leisure centres open.
Our plans for 2017/18 can be downloaded at the bottom of the page. These were approved by the council on 22nd February 2017.
The council is in the middle of the most severe period of spending cuts we have ever experienced. By 2019/20, total cuts to our spending will exceed £150 million, when compared to 2010/11.
Our government grant has fallen, on a like for like basis, from £289 million in 2010/11 to a projected £166 million by 2019/20.
The council’s budget will have fallen from £358 million to an equivalent of £280 million by 2019/20. These figures, however, mask the fact that additional funding has been required to manage pressures in statutory social care. The amounts available for all other services have consequently fallen by around two thirds over the same period (after allowing for inflation).
By careful management, we have built up reserves which mean we are avoiding crisis cuts to services. These reserves have bought us time, which we are using to carry out detailed reviews of all key areas of service. Wherever possible, I am determined to protect frontline services, but given the scale of reductions we face, frontline cuts are unfortunately inevitable.
The capital programme includes funding for major investments. A three year capital programme was approved in February 2016. This amounted to £108 million for the following three years, including major investment in our schools, transport network and extra care housing. The approved capital programme can be downloaded at the bottom of the page.
Budget for 2018/19
A draft budget for 2018/19 has been published, and will be considered by councillors on 21st February 2018. The document can be found at the bottom of this page.
On 30 November 2017 we approved a capital programme for 2018/19-2019/20. This provides £122 million for new spending. The capital programme can be downloaded at the bottom of this page.