Have your say on our budget strategy
Release date: 13 December 2018
Cotswold District Council is seeking comments from local residents and businesses regarding the budget proposals for 2019/20 which will be considered at the Council meeting on 26 February 2019.
The deadline for commenting on the proposals is 5 pm on Friday 18 January 2019. You can provide feedback in a number of ways:
- by filling in the online consultation on budget and corporate strategies 2019/20
- by emailing your views to firstname.lastname@example.org or
- by sending written comments to: Mrs Jenny Poole, Chief Finance Officer at Cotswold District Council, Trinity Road, Cirencester, Glos, GL7 1PX
We have prepared a draft ten year financial strategy which includes indications of possible reductions to our funding from central government from April 2020. From April 2020 there is a high degree of uncertainty regarding central government funding as the outcome of the Governments ‘Spending Review’, Local Government ‘Fairer Funding Review’ and a changes to the value of Business Rates funding retained by the Council all come into effect.
To review the key points of the budget proposals for 2019/20 please see the draft medium term financial strategy 2019-20 to 2028/29(opens in a new window). This also includes other changes which will have a financial impact upon the Council.
Under the current Local Government funding mechanism, the Council is highly reliant upon its share of Business Rate income which is retained by the Council. Around 58% of the Council’s Government funding comes directly from Business Rates with the balance from New Homes Bonus and Rural Services Delivery Grant. This is a key strand of the Government policy to localise financing of local authorities and brings the potential for increased risks or increased rewards, depending upon the Council’s ability to raise business rate income.