Waverley 2019/ 20 budget approved

Published Wednesday, 13 February 2019

Waverley Borough Council’s 2019/20 budget was approved by councillors at last night’s Full Council meeting.

The budget sets out how, despite significant cuts to government funding, the council has balanced its budget over the coming year, while also maintaining services and its current level of financial support to the voluntary sector. The budget includes provision for further investment in major projects, new affordable housing, parks and sporting facilities and keeps parking charges at current rates.

Councillor Ged Hall, Portfolio Holder for Finance and Communications at Waverley Borough Council, said: “I’m pleased to say that with the hard work of officers and councillors, we have a fair and balanced budget. We have managed to produce the budget with no cuts in services, no reductions in community grants and no increase in parking charges.

“On top of this, our capital spending on community facilities has been maintained, our service provision to residents re-enforced and our community grants still flow to the voluntary sector for sports clubs, support for vulnerable residents and the cohesion and vibrancy of our communities.

“Once again, we have managed to offset rising inflationary costs with efficiency, innovation and improved procurement strategies – accompanied by a small rise in council tax of around 10p per week on a band D property.

“Our residents can remain confident that this administration will do all it can to ensure there will be no cuts to resident’s services or community grants across the borough. We have major financial challenges ahead, but we are in a strong position to overcome them.”

Cllr Julia Potts, Leader of the Council, said: “The approval of the budget is a really positive outcome. The budget is based on a sound and sensible medium term financial strategy focused on efficiency, investment and income generation, that not only aims to protect vital services, but also to improve our offer to residents by being more innovative and collaborative in the way that we operate.

“Regeneration is absolutely vital to the future prosperity and vitality of our towns and villages. This budget sees continued investment in major schemes such as Brightwells Yard in Farnham.

“In future years this will help us to balance the books by providing a significant income stream to the council as well as bringing jobs, investment and much needed new affordable homes to the borough.”

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