Leicestershire County Council Budget Proposals Published
Budget proposals published
Today, we have today published our budget proposals which are designed to protect public services and support vulnerable people during tough economic times.
An extra £57m investment in support, a five per cent Council Tax rise, major capital investment, service cuts and efficiency savings are all included in the proposals to ensure the books will balance next year. You can read the detailed proposals here.
As you know, service demand is soaring year-on-year, adding £70m, and rising inflation is set to cost another £80m by 2026/27. No one wants to ask residents to pay more, especially when people are struggling to make ends meet, but a Council Tax increase significantly reduces the impact on front line services.
To help put this into context, the National Living Wage increase costs £18m – this alone is the equivalent of a five per cent Council Tax increase and is driven by increasing social care costs.
Although councils fared better than expected in the Government's Autumn Statement, the financial outlook remains extremely tough with the authority's budget gap set to rise to over £90m by 2026.
This means that difficult decisions loom large.
A consultation on the proposals will launch on Monday (19 December) and it's important we capture the views of you and other key partners. We'll be in touch to invite you to a webinar where you can hear more, ask questions and find out how to have your say.
Please look out for further details in the coming weeks.
Leader, Leicestershire County Council
Posted: Wed, 14 Dec 2022 14:09 by Jake Atkinson