Thurrock Council publish draft budget for financial year 2021/22
THURROCK Council has published its draft budget for 2021/22, showing a balanced budget for the forthcoming year despite the direct and indirect impacts of the COVID-19 pandemic.
The budget position is possible due to government grant support and resilience in council finances, notably the enlarged reserves position built from the council’s investment approach.
In line with the government’s Spending Review 2020, Thurrock Council’s Cabinet will hear recommendations for a 3% Adult Social Care precept increase, and a 1.99% council tax increase.
Cllr Shane Hebb, Cabinet Member for Finance, said “We thank the government for its grant funding support, and are secure in the knowledge that the reserves we built up have helped withstand this once-in-a-hundred year event. Our reserves will only be partially used, with a majority remaining intact.
“The impact of COVID-19 has meant the council has needed to invest significantly more in services which protect those most vulnerable adults and children in our borough, whilst at the same time some income streams have been impacted.
“The investment approach enabled more time to carry out a review of the services the council offers, and whilst some services have been reformed, we were able to fund additional services above what a council has to do. Reserves can only be used as a one off support – and therefore service reviews are being implemented faster and will be a bigger part of the council’s budget approach moving forward as we face the financial pressures of 2022/23 and beyond.”