Cabinet recommends Budget to support services & community

The Cabinet at their meeting on 6 February, approved the Council’s General Fund Budget for 2025/6, alongside a range of financial measures to be recommended to Full Council when they meet on 19 February.

Councillors also approved investment initiatives to be funded from the new budget, to ensure continued improvement of services, including:

• To continue with the Council’s ambitious programme to facilitate the development of high-quality, energy-efficient new Council homes within the district.
• To roll out our low-cost low carbon energy strategy with the aim of reducing energy consumption and carbon emissions from public buildings and housing.
• Maintaining our parks and open spaces with improvement plans for St Nicholas Park and Victoria Park, the start of work to create a new Country Park as well as the implementation of our biodiversity action plan to protect our natural environment

In addition, Cabinet has recommended a Council Tax increase of 2.99% which is £5.45 per year for a Band D household, for 2025/6, in line with the plan to balance the five-year Medium-Term Financial Strategy, approved by Council in February last year.

Warwick District Council receive just under 9% of all Council Tax collected, with over 91% going to Warwickshire County Council, Warwickshire Police and Town and Parish Councils.

Warwick District Council’s Portfolio Holder for Finance, Cllr Jonathan Chilvers comments:

“This year’s budget has been set against an uncertain economic environment, and the ongoing cost of living crisis. This council’s sound financial discipline and continued focus on providing valued services for our residents, was key to our budget setting.”

“I look forward to Full Council’s debate of the budget later in the month.”