City council budget 2007/2008
The City council approved its budget for 2007/08 on 7 March 2007. This sets out the Council's spending plans for the current financial year its estimated income and the level of Council Tax.
The City council set a budget of £698 million for 2007/08. This budget is £8million or 1% higher than that set for the previous year.
In setting this budget the City council has taken account of general purpose government support of £283 million and £260 million Dedicated Schools Grant. This represents an overall reduction in government support of £1million on 2006/07.
Having regard to the level of budget, general purpose government support and Dedicated Schools Grant the City council has set its own share of the total council tax for a band D property at £1,193.91 (3.7% higher than 2006/07). The Police and Fire Authorities have set a council tax for a band D property at £127.53 (an increase of 5%) and £57.75 (an increase of 3.5%) resepectively.
Why the budget has increased. In the opinion of the Council the budget has increased from £690 million to £698 million (an increase of £8 million) for the following reasons:
| £ Million | |
| 2006/2007 Budget | 690 |
| Inflation and pay awards | 22 |
| Increase in payments to Levying Bodies | 5 |
| Other planned increases to spending on service delivery | 1 |
| Efficiency savings in the delivery of services | -18 |
| 2007/2008 Budget | 698 |
Relevant Budget Reports and Information
Budget Report,Financial Forecasts 2007/08-2009/10 4th December 2006![(MS Word [1.3Mb] opens in new window)](/images/Word.gif)
Budget Report 2007/08 to 2009/10 to the Executive Board, 16th February 2007
Budget Report 2007/08 to 2009/10 (FMS 14/07) 2nd & 7th March 2007
Budget Proposals 2007/08 (FMS 15/07) 7th March 2007
Proposed Motion by the Leader to the City Council 7th March 2007