28 February 2018

The budget for financial year 2018-2019 has now been approved by Northamptonshire County Council.

A revised budget was agreed at a Full Council meeting after the authority’s Cabinet had previously approved recommendations.

An extra £9.9million savings were voted for – making the savings for 2018-2019 total £39.2million.

The revision was needed after the council’s auditors KPMG issued an advisory notice outlining their concerns about the county council’s reliance on the use of capital receipts.

The changes mean that the use of capital receipts during 2018-2019 has been reduced from £40.9million to £31million.

The county council is also increasing council tax by 5.98% which is the highest increase that can be made without the need for a referendum.

The spending controls currently in place under the Section 114 notice are also recommended to be continued into the new financial year.

There is also the possibility that further in-year savings will be required during 2018/19 if the current proposals are not sufficient to deliver financial sustainability.