Published Wednesday, 5 February 2020
Waverley Borough Council’s Executive last night unanimously approved the draft budget scheduled for presentation at the Full Council meeting on 18 February.
The annual budget sets out how the council will protect frontline services, generate income and make savings in the coming financial year.
The draft budget includes identified operational and staffing savings of almost £700,000 over last year. A 1.9% increase in Council Tax (in line with inflation) and growth in the Council Tax base will add £378,000 in extra income. In total, almost £1.9m in savings and new income have been identified.
This means that, despite the significant fall in funding driven by Central Government, the council has managed to balance the books, while maintaining service levels and protecting funding for community, arts and voluntary sector groups.