At a Budget meeting, on Thursday 27 February 2020, councillors agreed to raise council tax for 2020/21 by 3.99% (1.99% basic, plus a 2% increase for the social care precept); see current council tax charges.
The agreed budget has been informed by citywide consultation, and reflects our key priorities, which include supporting the most vulnerable people in the city and helping grow the economy. We've made tough decisions to ensure we continue to deliver on our priorities, whilst our financial position is managed effectively.
In 2020/21 we need to:
- make savings of over £4 million, equivalent to 3.2% of our net budget (£127.2 million)
- continue investing in communities, 'the frontline' and adult social care
Budget reports are available with the minutes of the Executive Meeting held on 13 February 2020, including:
- Financial Strategy 2020/21 to 2024/25
- Capital Strategy 2020/21 to 2024/25
- Treasury Management Strategy and Prudential Indicators for 2020/21 to 2024/25