New budget aims to support people and help Broxtowe recover from coronavirus pandemic

Supporting people and helping Broxtowe recover from the impact of the coronavirus pandemic is the main focus of Broxtowe Borough Council’s budget for 2021/22.

Friday, 5th March 2021, 3:17 pm

Coun Milan Radulovic MBE, leader of the council, said: “This has been an immensely difficult year for local people, our employees and the council as we have faced numerous challenges as a result of the Covid-19 pandemic.

“As a result of our funding position and important investment plans, we anticipate drawing some money from our general reserves. Utilising our general reserves, is always disappointing, but we will be working to achieve a balanced budget over the lifetime of the medium term financial strategy, and will always retain a prudent level of balances.

"As always, we will continue to look for new and improved ways of managing the council’s business and actively seek and seize opportunities of investment to generate more income for the future.”

Leader of the council, Coun Milan Radulovic MBE

Coun Steve Carr, deputy leader of the council, said: “Our heartfelt thanks go to our residents and staff for their support over the last year and their continued focus on looking out for people in the community, and driving ambitious and sustainable projects forward to provide an exciting future for our borough.

“Whilst there is a small increase to council tax, rents and parking charges to help us to invest in our services and meet the needs of local people, these have been kept to as low as possible and are necessary to help us support our residents, our businesses and our town centres to recover from the pandemic.

“There’s no doubt we live in challenging times financially and it has been and will be necessary to continue spending money to support the local economy and local people.

"Over the coming months, we’ll be continuing to invest in Broxtowe’s future to meet the needs of our communities over the coming years.”

Highlights from the budget include no reduction in front-line services, a small increase in Broxtowe’s element of council tax and development of investment programmes for Eastwood and Kimberley, securing external funding wherever we can to support these important schemes. This includes funding bids as part of the Government's Levelling Up fund.