9. Teignbridge agrees budget for the next financial year
Teignbridge District Council has agreed its budget for the next financial year.
Thanks to robust financial management and long-term planning Teignbridge is in a good position to keep council tax increases to a minimum and continue with projects that benefit communities. But changes to central government funding means more will need to be done in the years ahead.
Cllr Stuart Barker, Teignbridge District Council’s Executive Portfolio Holder for Corporate Services, said:
"Teignbridge has done well to produce a balanced budget without the need to reduce or cut services. Our economy remains buoyant but we know that we face challenges in the years ahead.
"Government funding is reducing rapidly and unknowns remain around how we will be funded in the future and any impact Brexit may have. Of the overall council tax bill, Teignbridge retains just 8.85%, a figure that has been reducing over time. The rest goes to Devon County Council, police, fire and towns or parishes.
"We are working hard to ensure we are in a strong position to respond to those challenges. Teignbridge has already set some of the foundations for a resilient response. We have a successful local record of achieving financial and performance targets, made in-house savings in areas like senior management and changed or improved services our residents need.
"This budget is a steady one; one which will help us maintain our strong position, keep giving people what they want and need from our services and hold money back to deal with anything that arises from the uncertainty we face.
"In agreeing the budget for the next 12 months, residents and businesses can have confidence that our plans are realistic, robust and deliverable."
This is reflected in the budget agreed today at Full Council:
- Investing £27.8million towards capital projects across the whole district. This includes town centre improvements, the creation of new green spaces, improvements to existing parks, open spaces and leisure centres, creating employment space, contributions to affordable housing, carbon management and other schemes.
- Continuing Rural Aid funding at £40,000 each year for projects in towns and parishes that improve their communities.
- Increasing Teignbridge’s element of the council tax of a band D property to £170.17 being 3.03% - or £5 extra per year.
- Keeping free Sunday car parking in all Teignbridge-owned car parks with the exception of resort car parks in the summer.
- Freezing or reducing the cost for up to one hour car parking and making small increases to other parking charges.
- Maintaining an infrastructure delivery plan with the investment of £3.5million of Community Infrastructure Levy (CIL) towards education, cycle paths, an energy company, open spaces and habitat mitigation, and sports and leisure.
- Holding sufficient reserves in case the council needs to call on funds to deal with an emergency.
There was a recorded vote with 23 councillors voting in favour of the budget and 14 against.