We want to hear the opinions of all residents, partner organisations, businesses and other interested parties as part of the 2019/20 budget setting process.
The second tranche of a plan which details how Peterborough City Council will look to deliver a balanced budget over the next three financial years was published on Friday, 5 October 2018.
These proposals contribute towards closing the gap in the council’s budget, which will stands at £20.7million by 2021/22.
Since the government’s austerity programme began in 2010, the amount of funding that all council’s receive has fallen at an alarming rate.
In Peterborough, the revenue support grant we get from the Government has dropped by 80 per cent in the last six years to £10m in 2019/20. This means it will not only equate to less than 10 per cent of our overall funding.
Peterborough is one of the fastest growing cities in the UK, in terms of population growth, and demand for certain services including adult social care, children’s services and school places is rising. The council’s total gross budget this year (2018/19) is £418.7m, over a quarter of this budget is now spent on these areas.
There continues to be tough challenges ahead in delivering a balanced budget. However, we should not lose sight of the continued wide range of services we deliver on a day to day basis and the huge strides forward we have made as a city despite this.
We will continue to invest in the city by developing new ways of generating income, bidding for external funding, sharing services with partners, driving efficiencies and continuing to promote the city to businesses.
Have your say
The budget consultation closed at 5pm on Monday 10 December 2018.