About Our Budget
Full details of the current 2018/19 budget can be viewed on the democracy website.
Our budget for 2019/20 has been approved.
Key investments over the next four years will include over £26m for highways projects, £18m for Southend Pier improvements and £2m for a continued upgrade of the Borough’s CCTV. £3.25m will also be invested into new Pier trains over the next two years as the current trains, introduced in 1986, come to the end of their life. Over £20m will also be invested in council housing stock, which will be funded through the housing revenue account (HRA).
New investments give the council a capital programme of £195m from 2019/20 to 2023/24. The programme rises to £247m when new projects subject to external funding and viable business cases being prepared and approved are included.
In addition, councillors from across the political parties worked together to approve a number of budget amendments tabled ahead of the meeting, including:
- To fund (and own the freehold to) two health centres in Shoeburyness and a site in the west of the Borough to be identified, subject to a viable business case
- To build a multi-storey car park through decking the Tyler Avenue car park, subject to a viable business case
- Increase the new community safety team by three officers for one year – this would be to provide additional support at the weekend and evening for the town centre
- To undertake a feasilibility study to look at the financial impact of introducing a borough wide resident parking permit that would allow seven day parking at council car parks for a set amount of hours per day
- To undertake an assessment of the options available to provide energy efficiency measures for council housing stock
In addition to the capital investments approved, although £4.1m of budget reductions need to be made as part of the council’s revenue budget, £6.6m will be invested into day to day frontline services.
There are also a number of time-limited one-off investments including £150,000 to recruit more staff to support the town’s busy summer season, £400,000 to continue the council’s school improvement support and £450,000 to implement the housing, homelessness and rough sleeping strategy.
Council tax will rise 4.49% (2.99% for general use and 1.5% for adult social care), following another reduction in the main grant the council receives from central Government of £4.4m (42% reduction). The main Government grant now accounts for just 5% of the council’s net budget, compared to 33% six years ago.
The majority (£5.7m) of the ongoing annual investment will be to ensure that the council can meet the many demands and cost pressures being faced in adults and children’s services now and into the future.
Full details of the 2019/20 budget can be viewed on our democracy pages
Page last updated: 22/02/2019