Elmbridge remains a financially strong and resilient Council thanks to Lib Dem Councillors and their Residents Association partners working together for Elmbridge.
The council’s revenue and capital budget and the level of council tax for 2023/24 has been agreed by Elmbridge Council.
Lib Dem Group Leader on Elmbridge Borough Council, Bruce McDonald, said:
“The budget has been set against a backdrop of high inflation, rising interest rates, increasing energy costs, all leading to increased costs for the council. However, despite these national and international issues, we remain a financially strong and resilient Council."
More details below:
Our 2030 Vision will help us to focus on delivering the needs of the community. It is a vision that says despite the economic pressures, we will support and enable Elmbridge’s sustainable future, we will back our local businesses and we will enable our community to help us drive Elmbridge forward. To ensure our vision for Elmbridge is more than a strategy document, we have in place a transformation programme that puts us in a strong position to be financially sustainable in future years.
For 2023/24 we are setting a balanced and sustainable budget brought about through a determination to create savings within the council, without reducing service quality.
Our transformation programme is the means by which we shape Elmbridge for the future; it will enable our vision. This programme is already delivering savings which have contributed to the 2023/24 budget, including:
Overall, for our 2023/24 budget, we have identified additional income and efficiency savings of £1.8 million, while using prudently held reserves to meet some of our spending pressures due to high inflation and the impact of operational changes, such as Surrey County Council’s decision to withdraw from our joint car parking enforcement contract, which impacts our budget by £400k.
We never forget that some of our residents are dealing with the cost-of-living crisis every day, and they need us now more than ever.
A sustainable and thriving Elmbridge, needs more than efficiencies and cost savings, it needs investment which is what we will do to support Elmbridge’s future.
Working with our partners at the Environment Agency and Surrey County Council, the Elmbridge Drowning Prevention Strategy, sets out to reduce the number of water incidents in the borough through training and improved awareness. Our 2023/24 budget commits £30k for 2023-2024 to deliver additional drowning prevention projects including free swimming lessons for 12- 18-year-old non swimmers during the summer delivered by Places Leisure.
For Elmbridge council tax in 2023/24 we are proposing a below inflation increase of 2.98%, which is an increase of £7.05 a year or 14p a week for a band D property.
We will continue to support residents struggling to pay their council tax.
The increased cost of living, global financial uncertainty and government policy changes means we will continue to face challenges to our financial position in the coming years. However, we have a strong track record of financial management, and we are confident that through our vision for the borough, backed up by the transformation programme, we will deliver a sustainable and thriving Elmbridge for our residents and businesses.