Tag Archives: budget

New Somerset Council: Budget faces combination of challenges as inflation hits all councils

Papers published today (1 July 2022) show the challenge that inflation is presenting to council budgets. The team putting together the budget for the new Somerset Council will be bringing together the budgets of the five current councils and delivering the planned £18.5 million in savings from the move to a single unitary council. However, […]

The last ever Somerset County Council budget is a “Budget for the future” says Council Leader

Councillor David Fothergill, Leader of Somerset County Council, has praised the team responsible for producing “the most positive budget in my time as Leader”. Speaking at Full Council as the 2022/23 Council budget was approved today (23 February), Cllr Fothergill said: “While other councils are dipping into reserves to fund day to day spending – […]

County Council publishes proposed 2022/2023 budget

Balanced budget with major investment in Adult Social Care and Children’s Services. Boost for climate change action.  Somerset County Council has published its last draft proposed budget ahead of the creation of a new unitary Somerset Council in April 2023.   The council is proposing major increases in investment in care services, with an increase for […]

County Council invests £70m in improving lives in Somerset

Somerset County Council is investing more than £70 million over the next three years in projects that will help improve residents’ everyday lives. The capital programme budget, approved by Full Council, brings spending on both large and smaller schemes, to £213m when investments announced for the current financial year are taken into account. The boost […]

More money for frontline services as council sets out spending plans

More money to support elderly and vulnerable people, more money for children in need, and more money to tackle the climate emergency have all been confirmed as Somerset County Council sets out its spending plan for the next financial year. The budget for 2021/22, which received cross-party support today at Full Council, also includes a […]

Council’s improved finances recognised with top ranking

Somerset County Council’s significantly improved finances have been recognised by independent auditors in their end of year report. The turnaround in just two years has seen the Council move from an “adverse” Value for Money (VfM) conclusion to “unqualified” in 2019/20 – going from a very challenging position to the top ranking. The findings from […]

New figures show Council’s finances in strong position

Positive financial results and a major boost to reserves have put Somerset County Council in a strong position to cope with the coronavirus crisis. In the last financial year, Somerset County Council increased its reserves to £76.2m across the board and delivered efficiencies and cost-cutting measures that enabled a £6.4m underspend. It comes as councils […]

Money

Auditors recognise progress

Somerset County Council’s improved finances have been recognised by auditors, according to a report to be discussed next week. The Value For Money update report from Grant Thornton, which will be considered by the Council’s Audit Committee, notes significant progress and the “positive trajectory” of the authority’s financial position and planning. In 2017/18, the Auditors […]

Budget proposals look to the long-term

Somerset County Councillors will next week consider budget plans to tackle its funding gap and lay the foundations for long-term sustainability. The financial plan being discussed by Full Council on Wednesday sets out a proposed net budget of £328m and total spending of £780m* on services in 2019/20, as well as £224m of investment in […]

Proposals to bridge budget gap

Proposals to bridge around £8m of Somerset County Council’s projected budget gap for next financial year will be discussed this month. The Authority’s Scrutiny meetings and Cabinet will consider the plans as part of the budget-setting process that culminates at full council next month. For 2019/20, decisions and actions already taken address around £7m of […]