City of York Council Budget 2023/24
As a Council, we are facing unprecedented financial pressures and demand for our services. Challenges bought about by the pandemic, rising energy, fuel and food prices, and inflationary increases are making it difficult for the council to balance its budget, just as it is making it difficult for individuals and households to balance theirs.
Across the country, Councils are facing additional cost pressures of £2.4 billion in 2022/23. In 2023/24, there is a funding gap of £3.4 billion just to maintain services at pre-COVID-19 levels.
For all these pressures to be met through council tax alone, councils across the country would have to put up council tax by 20 per cent over the next two years, which is neither sustainable nor desirable given the impact of the current cost of living crisis on residents and businesses.
York is no exception to these challenges and is facing a significant budget pressure of £10m next year
The focus of this year’s budget is to stabilise our financial position, allowing us to continue to deliver crucial services and support to our local communities.
We will also continue our ambitious capital programme and invest in our city, from accelerating vital regeneration projects, such as York Central, to delivering new sustainable and affordable homes.
Thank you to everyone who took part in the budget consultation. You can view the feedback online and see what and has helped inform budget proposals for the year ahead.
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