Liverpool Council's budget options 2023-24. Read about our approach to external linking. All of the budget saving proposals will be viewed in relation to the Mayors triple-lock of their impact on people, planet and equality. Later today, the paperwork for next weeks Cabinet (24 November) will be released to the public, including the details of the options the council will be putting forward to help us meet a budget gap of 73 million for the next financial year. We can no longer put a sticking plaster over the councils financial challenges, we have to set a budget which is fit for the future. This year we still have 19 million to save and next year we forecast we need to save a further 25 million. The councillors said the city faced "brutal cuts". Most populous nation: Should India rejoice or panic? The figures show a Council Tax rise of 1.99 per cent in 2022/23, and an additional two percent ringfenced for spending on adult social care. Hence, the higher than average cut in spending power. For almost a decade, Liverpool's leaders have warned about the stark choices facing the council as it sets its annual budget. A combination of a better-than-expected local government settlement, improvements in some of the assumptions made and the government raising the Council Tax threshold to 4.99% has reduced the amount needed to be saved from 73 million to 49 million. . Council Tax; Council Tax. The budget is due to be finalised by cabinet before being voted on at a full council meeting on March 3. The Liverpool City Council Plan 2022-2025 outlines a vision for a trusted, aspirational and learning council, enabling a thriving and sustainable city for everyone. With many facing a cost of living crisis due to rises in fuel costs and inflation, as well as a cut in universal credit, the council will also continue to provide its council tax support scheme, which will help over 68,000 households. Download the latest statement of accounts and previous annual reports on the councils financial position. Each year, alongside the Local Government Finance Settlement, the Government publishes figures showing the spending power available to each local authority. The Labour party has suspended six councillors who said they "cannot vote for cuts" in a council budget. 2023 BBC. A total of 77% of dwellings in Liverpool are in bands A or B. The survey is available atliverpool.gov.uk/budgetuntil Friday 6 January, along with details of the proposals for each directorate, and we would encourage everyone who lives and work in the city to have their say.
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