St Helens does not seek “exceptional” financial support
The district council of ST HELENS is not seeking “exceptional” financial support from the government – the heads of the town hall are confident of managing future funding gaps.
The scale of the financial challenges facing local councils across the UK in exiting the pandemic can be revealed following a BBC investigation.
The Data Unit’s analysis of 171 top-level authorities found 10 troubled councils in England set to set off or borrow £ 290million after receiving exceptional clearance from the Housing Department , Communities and Local Governments to try to remedy what he called their “uncontrollable pressures”.
UK local authorities – hit by falling revenues and rising costs – are expected to achieve at least £ 1.7bn in savings in 2021-2022, while also using more than £ 500m in reserves to balance Accounts.
Despite these savings, local authorities are currently projecting a deficit of £ 3 billion in their budgets by 2023-24.
The St Helens union council is not among the 10 councils that have requested “exceptional” financial support.
As reported by the Shared Data Unit, St Helens has a net budget requirement of £ 172.72million for this year 2021-2022.
A 4.99 percent housing tax increase has been approved for this year. The annual cost of a D-Band property in 2020-2021 was £ 1,503.75, with the annual cost for 2021-2022 being £ 1,578.78, an increase of £ 75.03.
Meanwhile, the council’s projected savings in 2021-2022 total £ 13.44million, including £ 4.38million in savings for adult care.
These 2021-2022 savings amount to £ 74.42 per capita. The board has not approved the use of the reserves to balance the budget in 2021-2022 and its cumulative funding gap projected for 2023-24 is £ 8.6million.
Cllr Martin Bond, Member of the Council Cabinet for Finance and Governance, said: “Given the financial challenges facing local authorities, including St Helens City Council, it is essential that our plans for action continue to be implemented to ensure that the necessary savings are identified, managed and delivered.
Cllr Martin Bond, Member of the Council for Finance and Governance
“Our 2021-24 Medium-Term Financial Strategy (MTFS) sets the framework for the implementation of future savings and efficiency programs to close the funding gaps, as well as the funding of an ambitious investment program. and growth for the borough as it recovers from the crisis. pandemic.
“However, the uncertainty, volatility and complexity of the current financial landscape and the government’s one-year funding regulations make planning for this scope and timeframe particularly difficult.
“Nonetheless, we remain confident in our ability to manage future funding gaps, through continued refinement of forecasts and the development of other options within MTFS reflecting the scale of the financial challenge ahead.”