Tag Archives: finance
Budget approved for new Somerset Council
The budget for the new Somerset Council was approved today (22 Feb 2023). Councillor Liz Leyshon, Deputy Leader and Executive Lead Member for Finance and Human Resources, said: “This has been the most difficult budget setting that any of us can remember. Inflation has been a huge pressure on the cost of providing council services […]
Leader hails ‘remarkable’ financial turnaround
Cllr Fothergill welcomes the three-year financial strategy that confirms the council’s improved position.
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 […]
Work underway to tackle financial challenge
The County Council is taking the steps needed to live within its means, councillors heard this morning. Discussing a report from its external auditor, the authority’s Audit Committee was told that work is already underway to bring down overspending in the face of the financial challenges facing local government. The Audit Findings Report praises the […]
Council welcomes watchdog’s report on Local Government funding
Somerset County Council has welcomed a National Audit Office report highlighting the massive strains on local government funding. In the report published today the Government spending watch dog identifies a 49 per cent real-term reduction in government funding for local authorities in the last six years and calls for a long-term plan to address current […]
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