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Delivering the Budget – Securing the Future

Delivering the Budget – Securing the Future. THE MTFP 2014 and Beyond. Projected Council Finances to 2020. Expenditure increases due to inflation and demand Income reductions due to Government grant reductions offset by increases in council Tax and Business Rates. Income Projections.

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Delivering the Budget – Securing the Future

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  1. Delivering the Budget – Securing the Future THE MTFP 2014 and Beyond

  2. Projected Council Finances to 2020 • Expenditure increases due to inflation and demand • Income reductions due to Government grant reductions offset by increases in council Tax and Business Rates

  3. Income Projections

  4. An Engagement Journey

  5. Money TalksAnalysis and Feedback Why don't people think of giving by accepting increases in Council Tax to help others with less? Culture - if the theatre goes, we will go If people stopped dropping litter costs would be considerably reduced £ms Legally Required Services 78.0 Business Case 5.0 Discretionary Services 5.5 88.4

  6. What is our Vision: One Darlington : Perfectly Placed

  7. Growing a Strong Economy Even greater focus and resources Attract new businesses and jobs Reduced demand on services if more people in work Create more income from Business Rates Build more houses and gain more Council Tax

  8. Spending Every Public Pound Well • Working with others to reduce spending • Health • Voluntary Sector • Other Councils • Spending on things that have the most impact on our priorities

  9. Building Strong Communities People take personal responsibility People live in communities with strong social capital and where people look after each other Communities come together to take ownership and responsibility for the neighbourhood they live in or care about In essence, a rebalancing of what the state can offer.

  10. The Challenge in Setting a MTFP Keeping as many services going as possible whilst income dropping dramatically Keep Darlington an attractive town for investment and jobs Support the most vulnerable

  11. We are not starting from scratch We have a plan and a chance of success We “have Partners to die for” If it can work anywhere it can in Darlington Economic activity in Darlington is taking off • Cinema • DfES • Innovation Centre • CPI • Central park • Subsea Innovation

  12. Proposals to meet the Challenge

  13. Revenue Balances To allow the phasing of new approaches balances to be used as follows: £m’s 2014/15 1.0 2015/16 6.2 2016/17 1.7 8.9 After planned usage risk balances of £5.8 m remain

  14. Projected Council finances to 2020 after proposals and use of balances

  15. Summary The Council can deliver a 2 year balanced budget We remain ambitious about the future of Darlington Partnerships are key to delivery We will look for further opportunities We will press for change in Government funding arrangements

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