Have your say on our budget strategy
Release date: 12 December 2017
Cotswold District Council is seeking comments from local residents and businesses regarding the budget strategy which will be considered at the Council meeting on 20 February 2018.
The deadline for commenting on the proposals is 5 pm on Friday 19 January 2018. You can provide feedback in a number of ways:
- by filling in the online consultation on budget and corporate strategies 2018/19
- by emailing your views to firstname.lastname@example.org or
- by sending written comments to: Mrs Jenny Poole, Chief Finance Officer at Cotswold District Council, Trinity Road, Cirencester, Glos, GL7 1PX
The budget strategy 2018/19
The Council is updating its medium term financial plan and spending plans for 2018/19.
Local government funding was significantly changed from 1 April 2013 when the Government introduced the new Local Government Resource Regime. Under the new regime, around 40% of the Council’s Government funding comes directly from Business Rates with the balance from Revenue Support Grant and New Homes Bonus. This is a key strand of the Government policy to localise financing of local authorities and brings the potential for increased risks or increased rewards, depending upon the Council’s ability to raise business rate income.
The Council has prepared a draft four-year financial strategy which takes into account reductions in its funding from central government and other changes which will have a financial impact upon the Council. Full details are contained within the relevant report.
This document sets out the key points of the Budget proposals for 2018/19, and the Council would welcome your feedback which will then be considered at the Council meeting in February.