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Balanced budget set at Full Council

15 February 2024

We have set a balanced budget for the year ahead following our meeting of Full Council on Wednesday 14 February 2024.

At the meeting the net budget was set for 2024 to 2025 at £714.8 million and a council tax rise of 4.99% was agreed.

The Revenue Budget Report 2024 to 2025 sets out our current financial position and contains a number of budget savings proposals to support a balanced budget for the term of our 5-year Financial Plan up to 2028 to 2029.

While a balanced budget for 2024 to 2025 has been set, the financial position remains challenging and it was discussed at the meeting how difficult decisions must be made in the months ahead.

Final decisions have yet to be made on all the budget savings proposals, many of which would see some council services changing, reducing or stopping if agreed.

Some proposals will need to be considered separately at future Cabinet meetings and be subject to consultation or engagement where appropriate.

Read more about our budget.