DCC have launched their latest budget consultation. They are considering the medium term from 2025/26 to 2028/29. The consultation is the start of DCC’s budgeting process for next year and asking what services should be targeted for savings, if people would be prepared to pay more council tax if government lifted the 2.99% cap, a chance to review previously consulted on savings for 2025/26 and to add any other ideas for increasing income or making savings.
The financial position stated by DCC includes a projected £64.1 million of savings to be identified for the next four years 2025/26 to 2028/29. This is after the delivery of £8.3 million of already planned savings and an assumed annual council tax increase of 2.99% (the max allowed presently). For 2025/26 alone, £21.7 million of savings need to be found, with £3.2 million already proposed (this includes the reductions in P&TC LCTRS grants at £250,000 a year for three years, 2024/25 onwards). To view the full position see Cabinet 18 Sept 2024 - MTFP 15 Review of LCTRS - final version.pdf (durham.gov.uk)
The deadline for responses is Fri 1st Nov 2024 at 5pm. There is an online survey or alternatively email: consultations@durham.gov.uk
Comments