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Budget Presentation Voluntary & Community Sector 18 th October 2012 Becky Hellard

Budget Presentation Voluntary & Community Sector 18 th October 2012 Becky Hellard. The National Picture: Deficit v Debt. Government plan was to eliminate the budget deficit by end of 2016/17 Total Debt at March 2012 £1,023 bn Forecast Total Debt at March 2017 £1,479 bn

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Budget Presentation Voluntary & Community Sector 18 th October 2012 Becky Hellard

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  1. Budget Presentation Voluntary & Community Sector 18th October 2012 Becky Hellard

  2. The National Picture: Deficit v Debt • Government plan was to eliminate the budget deficit by end of 2016/17 • Total Debt at March 2012 £1,023 bn • Forecast Total Debt at March 2017 £1,479 bn • £1,479bn equates to 74% of estimated GDP

  3. Impact on Local Government DEL = Departmental Expenditure Limits or Total UK Government Departmental Expenditure

  4. Amount to be financed by Total Formula Grant (£318m) & Council Tax (£164m)

  5. Liverpool – Budget Gaps 2011-12 £91.4m (delivered) 2012-13 £50m (delivered) 2013-14 £32m 2014-15 £40m 2015-16 £33m 2016-17 £38m TOTAL £284.4m 9

  6. Liverpool – LGA Model 10

  7. Mayoral Pledges Build 12 new schools Create 20,000 new jobs Build 5,000 new homes Make Liverpool business and enterprise friendly Make the city greener, cleaner and healthier 11

  8. Planned Developments Liverpool Waters - £5.5bn Edge Lane Retail Park - £130m Royal Hospital - £451m University of Liverpool - £600m Liverpool John Lennon Airport Masterplan – £600m Alder Hey - £326m Project Jennifer - £150m Exhibition Hall ACCL - £50m New Mersey Leisure Speke Boulevard - £30m 12

  9. Budget TimetableNext Steps Budget Savings in 3 Tranches Tranche 1 – City Council - 7th November Tranche 2 – City Council – 16th January Tranche 3 – City Council – 6th March Consultation starts now 13

  10. Any Questions ?

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