Alternative budget proposals published

Alternative budget proposals published

Alternative budget proposals have been published ahead of a meeting of councillors next week (Wednesday 2 March) to set a balanced budget for the 2022/23 financial year.

Following five days of reflection, the Mayor, Marvin Rees, has proposed an alternative budget that includes a number of amendments put forward by councillors during the Budget meeting on Tuesday 15 February.

The alternative budget put forward by the Mayor contains revised allocations to both the council’s revenue and capital budgets.

The alternative budget contains a total of seventeen revisions to the amended budget. The headline amendments include:

  • Establishing at least one new Residents Parking Scheme where there is community support
  • Proposed one off funding for a fruit tree planting initiative
  • Financing the repair and reinstatement of Kingsweston Iron Bridge
  • Increase fees for Pay and Display parking bays in Residents Parking Schemes to continue 30 minutes free parking in these areas

The original proposed budget includes over £431 million to spend on frontline services such as social care, libraries and children centres plus an additional £1.9 billion of investment in capital projects over the next nine years. 

In addition to considering the revenue and capital budgets for the forthcoming year, councillors must also vote on other budgets associated with schools and housing. These include proposed allocations of £421.5 million of funding for schools via the Dedicated Schools Grant and over £127 million suggested for the upkeep of council housing.

The alternative budget sets out a balanced position as the council is under a legal duty to set a balanced budget.

At the Budget meeting on 2 March, the amended budget from last week’s Full Council will be debated and voted on first. If that is not agreed, the Mayor’s alternative budget will be debated and voted on.

The meeting will be broadcast live via the council’s YouTube channel. Full details of the meeting and associated papers can be found on the council website.

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