The Council’s draft budget report for 2023/24 includes key saving and investment proposals for next year.
It is very important that our residents and businesses have a say on this draft budget to help to ensure the Council delivers the Council Plan priorities being consulted on with residents and sets a balanced budget for 2023/24.
The Council has a budget gap before any budget reductions of £13.3m for 2023/24 and a further pressure of at least £26m over the subsequent three years. Much of this pressure is driven by projected increases in demand for services such as housing and social care, changing economic conditions including higher inflation and interest rates, and a much greater reliance on income generated locally rather than government grant funding.
Given the difficult financial backdrop it is essential the Council delivers value for money for residents, and these proposed budget savings aim to save money without reducing the quality of the services the Council provides to our residents.
Below are a few key proposed savings (all proposed savings can be seen in the budget proposals):
Below are a few key proposed areas of growth (all growth can be seen in the budget proposals):
This consultation focuses on the budget for 2023/24 that will be agreed by full Council in March 2023 and the proposals for which we are seeking your feedback on, breakdown into two main types:
A summary of each of the budget areas above is listed by lead member responsible below:
The full list of proposals in one document.
A separate consultation on the Council’s capital proposals will follow in December. This will focus on plans to make investment in infrastructure such as housing, schools or IT/software costs.
We’d really appreciate it if you can spend a few minutes to complete our consultation survey. Your views at this stage will help to inform our budget decision-making.
If you need help to complete this survey, or need it in an alternative format please email Liam.McCusker@rbkc.gov.uk
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