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The Budget 2018/19

This page provides a brief summary of the council's budget for 2018/19.

Jar of coins

The council's finances continue to come under significant pressure in unprecedented times of economic uncertainty and declining levels of public sector funding.  Since 2010, the council has had to deliver around £12m in savings due to  the continued reduction in government funding, which had led to much greater reliance from local funding such as from Council Tax and a share of Business Rates.

 

Budget Headlines

  • The budget proposals for 2018/19 set out a further £1.8m of savings and increased income.  The council continues to face significant financial pressures, with fewer opportunities to find further savings without impacting on services.
  • The Council's finances face ongoing pressures; in particular Business Rates Retention scheme is set to change funding in future years.

 

How we are making savings and increased income

Savings and increased income from the coming year will include:

  • £200k of savings generated from a review of Campus West Entertainment.
  • £300k a year from an increase in rents for council-owned commercial buildings and garages.
  • £270k additional income from increased demand (such as Planning) and charges for new mandatory services (such as Licensing), this income is being invested directly into the delivery of these services.
  • £200k following changes to the provision of Leisure services

 

Investing in Welwyn Hatfield

We continue to invest significant amounts of capital in our buildings and land, to continue improving Welwyn Hatfield as a place to live, work and shop. These include:

  • £5m local investment in property
  • £9m for regeneration projects including a multi-storey car park in Hatfield,  and investment into Welwyn Garden City North, Link Drive, Highview and Hatfield Town Centre
  • £0.5m for Disabled Facilities Grants and Home Assistance Loans

 

Further Information

The 2018/19 budget and capital investment programme was approved by the Full Council on 6 February 2018.

 

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