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BUDGET FAIR 2012 Cllr David Bellotti Cabinet Member for Community Resources Meeting the Challenge

Detailed financial strategy meeting residents' needs while boosting economy and services, with investment plans and cost-saving measures.

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BUDGET FAIR 2012 Cllr David Bellotti Cabinet Member for Community Resources Meeting the Challenge

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  1. BUDGET FAIR 2012 Cllr David Bellotti Cabinet Member for Community Resources Meeting the Challenge

  2. Residents Financial Position • Housing Costs and below average incomes • Inflation and Cost of Living • Supporting People into Work • Growth and Jobs • Raising the Age of Participation

  3. Council’s Financial Position • Significant improvements on finances already achieved • Earmarked Reserves provide flexibility • Council Borrowing –reduced from £204M down to £160M by 2015 • Reduce effect of Borrowing on Revenue • Council Tax Frozen in 2012/13, planned freeze going forward to 2015

  4. Council’s Financial Outlook • Medium Term Service & Resource Plans for three year period 2013/14 to 2015/16 • Sufficient Reserves to fund Change Programme and Severance Costs • Use of Zero Based Budgeting and Service Prioritisation • Some unavoidable cost pressures and inflation • Maintain strong financial management • Spending to be reduced by £29M over 3 years

  5. Council Vision • Promoting Independence and Positive Lives for Everyone • Creating Neighbourhoods where People are Proud to Live • Building Stronger Economy • Developing Resilient Communities

  6. Prioritisation Principles • Making every effort to protect Frontline Services for Residents • Keeping Council Tax bills as low as possible • Investing in Economic Growth

  7. On-going Investments from 2012/2013 • Radstock Regeneration • Keynsham Town Centre Scheme • Bath Transport package • London Road Regeneration Scheme • Beechen Cliff Woodland • 20m.p.h. schemes • Rossiter Road Scheme

  8. New Investments 2013/2014 • Affordable Housing – further Allocation -£700K • Cycle Routes - £500K • Sydney Gardens -£500K • River Corridor -£100K • Biomass Projects - £500K • Enterprise area – Flood prevention works -£3M • Odd Down Playing Fields -£200K • Public Realm –Kingsmead Square etc - £339K • Haycombe Cemetry -£200K

  9. Nailing Myths We Will Not Be: • Moving to Fortnightly Residual Waste Collections • Reducing Subsidies for Buses • Increasing the Eligibility for Adult Care Services to Critical Level • Closing Household Waste Recycling Sites

  10. Opportunities • Development and Growth • New Homes Bonus • Localised Business Rates • Reducing role of Education post Academies • Public Health • Changes to Council Tax including Benefits and Discounts

  11. Overview of the Budget Proposals

  12. Budget Proposals (1) Resources • Consolidate, Standardise, Simplify Support Services • Increase Commercial Estate Income • Reduce debt and audit costs • Property – restructure and actively manage • Democratic Services – reducing meetings • Progression of Tourist/Visitor Levy

  13. Budget Proposals (2) People & Communities • Careers advice and guidance – schools have more responsibility • Targeted resources and improve value for money. • Homelessness – prioritised support • Adult Care – focus on prevention • Early Years – government funding changes • Partnership Working, particularly with Health

  14. Budget Proposals (3) Place • Heritage Services – continuous improvement • Destination Management –prioritising resources • Public Conveniences – consolidation of sites • Public Protection – restructured • Libraries – encourage community hubs • Parking – targeted changes to pricing • Waste – maintain services by improved efficiency

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