Oakham and Rutland Local News

Oakham and Rutland Local News
Click Image Above to visit the New Site & Stay Informed with Oakham and Rutland News! Discover the latest news and updates from Oakham and Rutland. Explore our new website for in-depth articles, breaking news, and community events. Don't miss out! Click the image above to stay connected.
Showing posts with label Rutland County Council Budget Consultation Council Tax Increase expected to be the Maximum of 4.99%. Show all posts
Showing posts with label Rutland County Council Budget Consultation Council Tax Increase expected to be the Maximum of 4.99%. Show all posts

Wednesday, January 19, 2022

Rutland County Council Budget Consultation Council Tax Increase expected to be the Maximum of 4.99%

Rutland County Council Budget Consultation Council Tax Increase expected to be the Maximum of 4.99%

That increase does not include any increase that may come from the Police, Fire or Town or Parish Councils.

The County Council is also proposing to  increase to the max  3%  for the Adult Social care also charged via council tax bill. 


Rutland County Council would like residents to take part in a consultation this can be done on-line.

https://future.rutland.gov.uk/rutland-county-council-annual-budget-consultation

You can also read about the proposed budget here

https://www.rutland.gov.uk/my-council/contacts-facts-and-figures/council-spending/annual-budget/

You can view a copy of the budget here

https://rutlandcounty.moderngov.co.uk/documents/s21787/Report%20No.%20012022.pd


Some of the key points to note in their 2022/2023 budget are:

The total cost of funding local services in Rutland in 2022/23 is £42.3million (up from £41.5million last year)

The Council is having to adjust for £1.195million of budget pressures due to labour supply issues, additional tax burdens, inflation, and pandemic recovery 

The latest Local Government Finance Settlement has awarded Rutland County Council more money than it did in 2021/2022. However, this increase is not enough to cover the rising cost of services

Despite making savings since it approved its last budget, the Council is projecting a £2.2million deficit from 2023/24 onwards

The Council must aim to save a further £1.3million in 2022/23 to close the financial gap for the following year. These savings are included in the latest draft budget and will not have a significant impact on front line services.

The draft budget for 2022/23 includes a Council Tax increase of 4.99%, which includes 3% to fund adult social care services. 

If approved, the average Council Tax for a Band D property in Rutland would rise to £1.75 per week, or 43p for anyone receiving benefits. 

The Council would also continue to provide an additional Council Tax discount of up to £100 for those on the lowest incomes.

The draft budget for 2022/23 is balanced using £64,000 of the Council’s General Fund reserves

Rutland currently receives £331 less government funding per household than other councils with the same responsibilities. As a result, just over 80% of the Council’s funding comes from Council Tax contributions, compared to a national average of around 60% for other councils