Shropshire Council's 2016-17 budget was considered at the council meeting on 25 February 2016. The gross budget for 2016-17 is £565m, with a net budget requirement of £205m.
2016/17 represents the last year of our current, three year, Medium Term Financial Plan. The savings proposals we have put forward, and the consequent impact on service delivery, were considered initially back in 2014/15, alongside the Business Plan the Council agreed at that time. The Council is now looking forward to 2017/18 and beyond; building a Sustainable Business Model to understand and manage our resources and costs; undertaking unprecedented dialogue with the public, business and stakeholders via our ‘Big Conversation’ to understand what our communities want and need; and creating a new vision for Shropshire and mission statement for Shropshire Council to enable us to plan for all of our futures.
As you will see from the capital budget section of this book, we are investing over £56million into local projects in 2016/17. As you will see from the capital budget section of this book, we are investing over £56million into local projects in 2016/17. The capital programme remains priority led, reflecting the need for growth in the Shropshire economy, investment in infrastructure and roads, and significant funding to deliver superfast broadband across much of Shropshire in the coming years. Last year we completed the building of student accommodation to support our new university for Shropshire – University Centre Shrewsbury. This is a new and exciting venture for the Council to be involved in and something that we believe will bring great economic benefit to the County and its County Town by supporting business growth and diversity as well as helping to retain and bring more young people into the area.
The bottom line is, of course, that we have to balance our books. This is becoming increasingly difficult as each year progresses and in 2016/17 we will see the use of significant one-off resources to deliver a balanced budget. This gives us more time to review our options and formulate sustainable proposals for 2017/18, but leaves us with some stark choices over the way we deliver services into the future.
The budget book for 2016/17 sets out the Council’s detailed revenue and capital budgets. It includes the following sections:
- Revenue Summary
- Portfolio Holder Summary
- Subjective summary
- MTFP Summary
- Detailed Budgets by Service Area
- Appendices supporting the Revenue budget
- Housing Revenue Account
- Capital Programme