The Cabinet would like to hear from you about the choices ahead.
The proposals for spending and saving are contained in.
The Cabinet will make a formal decision on what to propose to Council on 5 February 2020 in its meeting at 6pm in the Town Hall.
The proposals confirmed by Cabinet will be presented to the Council at its meeting on 27 February 2020 at 10am in the Town Hall.
The Council meeting will receive a full document, setting out the Council's priorities, performance and medium term financial strategy.
Consultation responses received up to that day will also be included.
This document is called Achieving Preston's Priorities and will be available on our website at Consultations - Preston City Council.
Any responses to this consultation, received by 3 February 2020, will be presented to Cabinet at the meeting, and if received by 26 February 2020, presented to the Budget Council meeting on 27 February 2020.
All responses on the proposals should be addressed marked 'Budget Consultation' and sent to The Town Hall, Lancaster Road, Preston City Council, PR1 2RL.
You can also email firstname.lastname@example.org with any comments on the proposal.
Cabinet have formulated the budget proposals for 2020/21 and beyond.
We would like your views on the following areas:
The Cabinet propose to recommend a 1.99% increase in the Council Tax for 2020/21.
This will mean an increase in Council Tax of 12p per week for a Band D property which will help to safeguard services.
The additional spend proposals and savings proposals are shown below.
The Government announced the provisional local government finance settlement 2020/21 in December 2019.
The settlement is for one-year which brings a high level of uncertainty when forecasting future levels of Government funding.
A contingency list of savings circa £1.3m has previously been identified which can be called upon in the event that significant risk materialize such as Government funding reducing further.
The Council will continue to seek efficiency savings and opportunities for income generation where possible.
The ultimate aim for the Council is to work towards bridging the gap (shortfall between how much the Council spends and how much the Council receives in funding) over the long term to ensure long term sustainability for the Council and an ongoing balanced budget.
£75k target ongoing 2020/21 onwards.
An increased investment income target from implementing the Council's Investment Property Action Plan.
Phased reduction £7k in 2021/22 rising to £14k 2022/23 onwards.
Net reduction in grant being phased in from 2021/22.
£30k one-off in 2020/21
A one-off contribution to progress the Council's ambitious Community Wealth Building agenda.
One-off contribution of £30k in 2020/21
The cost of extending staff car parking for one-year whilst the scheme is reviewed.