Guide to the council budget
Herefordshire Council's budget maintains financial stability, delivers efficiencies and supports investment in priority services, while demonstrating value for money and maintaining service quality with reducing resources. The council has a medium term financial strategy to 2023/24 where over £2.4 million of savings have been identified for 2020/21 in response to continued central government funding reductions.
Herefordshire Council Tax rose by 3.9 percent in 2020/21, this included a 2 percent precept to fund growing adult social care needs. Herefordshire has added pressure in this area, with a higher than average proportion of people in the county over the age of retirement.
Continued reduced funding
Funding from Central Government continued to reduce in 2020/21 (a loss of over £5 million from the council's budget), however, we continue to rise to the austerity challenge by targeting significant savings of £98 million between 2010 and 2022 while delivering successful projects to boost the local economy including major public realm improvements to Hereford city centre, continuing the roll out of faster broadband and the growing number of businesses operating from the Hereford Enterprise Zone.
Adult care precept
The Secretary of State for Housing, Communities and Local Government continued with its offer to councils with adult social care responsibilities, of the option to charge a 'precept' on Council Tax without holding a referendum, to help meet rising expenditure on adult social care.
The council budget ensures that corporate and service plans are developed in the context of available resources and that those resources are allocated in line with corporate priorities set out in the County Plan. Herefordshire's key priority areas are to:
- Environment - Protect and enhance our environment and keep Herefordshire a great place to live
- Community - Strengthen communities to ensure everyone lives well and safely together
- Economy - Support an economy which builds on the county's strengths and resources