The council’s executive will consider the proposals next week, which will involve finding £16m of savings during the next year.
This takes the total money saved by Blackpool Council over the last 16 years to £245.5m, which has also seen a reduction of a third of the council’s staff in that time.
No jobs or services are expected to be at risk this year and the council is not expecting to apply for Exceptional Financial Support from government.
The council’s earmarked reserves are forecasted to be £19.2m with additional working balances for in-year pressures at £6.9m.
Following the recent Fair Funding Review, Blackpool Council’s core spending will increase by £5.4m this year, a real term reduction below the rate of inflation. In common with most local authorities across the country, the council is faced with increased demand for statutory services such as children’s and adult social care, as well as home to school transport for children with disabilities. As a result, the council is forced to find an additional £16m.
The council is in active discussions with senior government figures before the final settlement is delivered 9 February, however the proposal works on the smallest funding option possible.
A plan to reduce the demand on statutory services by investing in new ways of working is included in the budget, to help residents become more independent and resilient and in turn reducing their need for those statutory services to intervene.
The council will introduce a flexible use of its Capital Receipts Strategy in order to invest in its communities and save money in the long term. This will involve looking at what non-operational land it owns that is not vital for Blackpool residents and disposing of it to fund the improved services.
A proposed 4.99% Council Tax increase will cost the average council taxpayer an additional £1.09 per week; however, this contributes £4m towards local services.
The proposals will be considered by executive on 10 February. If approved, the budget will be voted on at Full Council on 23 February.