Tag Archives: MTFP

Bridging the budget gap

Somerset County Council is working to bridge a budget gap of approaching £30m to balance its books in the face of falling funding and increasing demand. Council Leader, John Osman, has repeated his call for fairer funding as the authority addresses the shortfall of around £27m or more for 2016/17, caused by a drop in […]

Money

Budget approved

More than £310 million of spending, £57m of capital investment and a council tax freeze for a sixth straight year have been approved by Somerset County Council. Today’s Full Council meeting saw Members vote on the 2015/16 Medium Term Financial Plan which includes the revenue budget and the Capital Investment Programme. Councillors voted 31 to […]

Money

Council’s future budget plans given Cabinet’s official stamp of approval

Somerset County Council’s critical future budget proposals – laying out over £57m of investment, £300m of spending and £16m of savings – has been approved by Cabinet. Cabinet Members today unanimously backed the authority’s plans for investing in buildings and structures and essential spending for its key services, recommending them for agreement by Full Council. […]