Published Wednesday, 19 February 2020
Waverley Borough Council last night approved its budget for the 2020/21 financial year.
The budget sets out how the council will maintain frontline services this year, while it seeks new revenue streams and further cost savings to replace the fall in funding expected to continue over the next four years.
The borough’s portion of Council Tax is set to rise in line with inflation, by 1.9%. This, along with almost £1.9m in savings and new income over the year, will allow the council to balance the books, sustain current service levels and protect funding for community and voluntary partners.
The budget sets aside £300,000 to help make the council carbon-neutral by 2030, following the declaration of a Climate Emergency by the council in September last year. Spending plans also include £2.6m for maintenance and investment in Waverley’s parks, playgrounds, other greenspaces and leisure facilities.
Income from the borough’s 5000 council houses is ring-fenced for spending on housing, and this year will fund £5.6m in improvements to the existing stock and £12.9m investment in building new council homes.