How we are funded
With reducing funding against increasing demand for some services and increasing costs of providing services we need to cover the gap. To do this we need to raise more money from Council Tax and continue to look for better ways to deliver our services which save money, or reduce our spending.
Much of the funding for our revenue budget (£143million) which is the budget we use to provide day-to-day services, comes from Central Bedfordshire residents through Council Tax.
The council also receives grant funding from Central Government but this is reducing, next year (£10.6million) we will receive less than half the amount of grant that it was allocated last year and this is down from £49million in 2009. By 2019-2020 this grant funding will disappear altogether.
Increasing Council Tax
Until last year, local councils were given additional money if they did not raise Council Tax. Now there is an expectation that Council Tax will be increased to help cover the rising costs of delivering services.
Adult Social Care levy (precept)
And a new Adult Social Care levy (known as a precept) has been introduced by the government which requires local people to pay towards the increasing costs of care for our older or vulnerable residents.
Changes to funding over time
This infographic shows how funding for council services is changing.