Thanks to an ongoing programme of savings and efficiencies to bridge a forecasted £1.3m gap, Waveney District Council presented a balanced budget for the financial year 2018/19, their last ever, at a full Council meeting on Wednesday.
Despite the financial challenges facing local government and the ongoing reduction in central government funding for the delivery of local services, the council agreed a budget which will see a net figure of £10.6 million spent on essential local services in the district between April 2018 and March 2019.
Working closely in partnership with Suffolk Coastal District Council, the two authorities are able to boast combined efficiency savings of around £22.5m since 2010 and from 2019 - following final approval by Parliament - a budget will be set by the new East Suffolk District Council which will replace Suffolk Coastal and Waveney.
This is therefore the final ever budget set by Waveney and Cllr Mark Bee, Leader of the Council, paid tribute to those who have helped deliver what he believes is a budget that will give local communities the best possible services.
He said: “This budget and our council tax calculations for 2018/19 seek to strike an appropriate balance between delivering value for money and the importance of funding the services that our communities, including those most vulnerable, want and need.
“A huge amount of hard work from councillors and officers has gone in to delivering a balanced budget despite the financial challenges we face and I am extremely proud to be the Leader here, on this historic evening, welcoming this last ever Waveney budget.”
Residents living in a Band ‘D’ property will pay Waveney District Council an additional £4.86 per year as part of their overall council tax bill – the equivalent of less than 10p per week.
Waveney’s Council Tax is only a small proportion of the total Council Tax required to fund all local authority and police services in the Waveney area, with only approximately 10% of each household’s bill going to district council services.