Due to rising inflation and increasing costs of services, Rutland County Council say that they are projecting a £2.8m shortfall in funds next year. This could mean a sharp increase, yet again, in Council Tax bills as well as the introduction of further cost saving measures across services.
Rutland County Council says that it needs to use its savings to balance the books over the next four years. The rising inflation means that next year the county is facing a shortfall of around £2.8m and this will be paid for with council tax, cost reductions and savings with a view to having a cost neutral budget in four years.
Rutland County Council has made nearly £12.5m of savings over the past ten years and says that it will have to fundamentally change what it does in the future so that it can keep delivering services to its residents. Proposals to save a further £800k in the next financial year will go before councillors in February.
In his recent Budget, Chancellor Jeremy Hunt amended rules to give local councils with social care responsibilities the power to raise their Council Tax bills by up to 5% without having to resort to a local referendum. Previously, all councils had to hold a local referendum if they wanted to raise taxes by more than 2.99%. Last year Rutland County Council increased all Council Tax bills by 4.99%.
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