Category finance

Money

Somerset’s financial position strengthened

Somerset County Council today reported a substantially improved financial position in its end of year financial report. A combination of extra one-off funding, technical adjustments and savings mean the council has been able to increase its levels of general reserves by £4.2m to what is considered a prudent level for an authority this size – […]

Money

Sustainability a top priority as County Council agrees budget plans

Somerset County Council today approved a budget and financial plan that paves the way for medium-term financial sustainability. The plans see £780m spent on services in the county next year and a 2.99 percent increase in the County Council’s element of Council Tax. Along with a government approved additional one per cent increase ring-fenced for […]