- Services protected in Broxtowe budget
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- Mayor’s Majazztic Charity Evening Benefits Broxtowe
- Your region, your mayor, your vote: People will decide who leads a £4 billion boost for the East Midlands
- D.H. Lawrence museum’s popular Gin and Gaslight event returns for another year
- Progress for new £6.4m community pavilion and sports facilities in Stapleford
- Brinsley Headstocks statement
- Leisure provision for Broxtowe residents following the closure of Kimberley Gym and Swim
- D.H. Lawrence children’s writing competition returns for World Book Day 2024
- Experience Broxtowe Community events 2024
- Broxtowe Borough Celebrates Commonwealth Day 2024
- Six apple trees planted in Eastwood for Broxtowe Green Rewards prize winners
Services protected in Broxtowe budget
The budget is the first for the new Labour administration, who were elected in May 2023. In doing so, the budget ensures Council Tax increase remains low when compared to other authorities at just £5.36 for the full year for a Band D property (not a monthly increase).
Deputy Leader and Portfolio Holder for Resources and Personnel Policy, Councillor Greg Marshall said: “The financial pressures facing both local Councils and local people have been well documented so it’s been really important to us to develop a budget which helps us carefully manage our budgets, retain jobs and services whilst also supporting residents with the rising cost of living.
In 2024/25, we will keep on providing for our communities. Although residents will see their overall Council Tax rise, for the portion of their bill that is paid to Broxtowe Borough Council to support its services, most residents will pay less than £5.00 more for the whole year.
The new budget is also focused on continuing to invest in the local area to support sustainable investment and growth, not least our significant town centre regeneration schemes, our flagship £26m affordable housing programme, investment in parks and open spaces and projects that underline our commitment to the environment as part of our climate change and green futures programme.
Our budget gap for 2024/25 now sits at £820,000 which we have driven down to around 40% of what was predicted in autumn 2023. We will be able to meet this from General Fund reserves, meaning that we can keep the proposed Council Tax increase as low as possible below at 2.94%, which is below the headline inflation rate.”
Highlights from the budget include:
- No compulsory redundancies or cuts to front-line services.
- Investment in excess of £26m for the Housing Delivery Plan three-year capital programme, which will enable people to live well.
- An increase in Housing Rents of 7.7% coupled with a freeze on garage rents and other service charges, allowing more money to be invested back into our housing stock and services. We remain the lowest social rent in the East Midlands
- A below inflation increase in Broxtowe’s element of Council Tax of 2.94%, which for a Band D property is an additional £5.36 for the year.
- A regeneration programme which includes significant local investment with the Stapleford Towns Fund (£21m investment plan), the Kimberley Levelling-Up Fund (£16m) and UK Shared Prosperity Fund (£3m) which will include a number of exciting projects in Eastwood and Beeston
- Continued funding to help support the Climate Change and Green Futures Programme to tackle climate change and reduce our carbon emissions to carbon neutral by 2027. This includes transition to HVO for our Council vehicle fleet, Green Festivals, development of our Green Rewards platform, annual free tree scheme and development of community orchards.
- Continued support for people with disabilities through the Disabled Facilities Grant scheme.
- Funding for community and safety initiatives.
- Continued work with the voluntary and community sector.
For more information, visit www.broxtowe.gov.uk/budget or visit www.broxtowe.gov.uk/costofliving for information and advice on managing the cost of living.