Council Budget 2018/19

Council Budget 2018/19

After a consultation process, the Council set its budget for 2018/19 at a full Council Meeting on 7th March 2017.

The Council has to find £1.744m savings from the budget for the forthcoming year. As well as having lost £0.634m (50.0%) of Government Grant since 2017/18, the Council faces additional funding pressures such as increases in costs and other reductions in income.

As part of the Council’s budget, approved at a Council meeting this week, the following was agreed:

  • No reduction in services to the public.
  • No increase in Council Tax for 2018/19.
  • Resources set aside for exciting projects like Beeston Square Phase 2 redevelopment as well as important community events to commemorate the end of the First World War and Remembrance Day Services.
  • £0.5 million worth of improvements to parks and open spaces over the next two years.
  • A further 1% rent reduction for Council tenants.
  • Continued work on the Council’s Business Strategy to reduce costs and increase income by becoming more customer focused, maximising commercial opportunities and reducing management costs.

Leader of the Council, Councillor Richard Jackson said:

“Local authorities across the Country are continuing to face significant budget challenges and Broxtowe is no exception. Putting together proposals for the 2018/19 budget has been tough as we prepare for Government to phase out the grant it provides to Councils altogether by the end of 2019/20.

“I was pleased to see this year’s budget consultation attract the biggest response we have had for some time and the comments we receive have helped to inform our decisions.

“We have continued to do what we can to protect services that are a priority for our residents and reduce our annual spending by re-designing services to be more efficient and effective and by becoming more commercially minded.”

Read more in the Budget Council agenda (.pdf) (441KB) (Opens in a New Window)


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Finance
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