The Isle of Wight council’s budget papers have been published in advance of next week’s Corporate Scrutiny Committee and Cabinet meeting.
The 54-page document sets out the Alliance group’s plans for budget setting over the coming years, including a 2.99 per cent council tax rise, and cuts required to make savings of £3m in 2022/23.
Future years and reserves
An additional £6m of cuts over the following three years has been highlighted, along a recommendation of Reserves being set at £7m (predicated on approval of £3m savings in 2022/23 and the retention of the Covid Contingency of £9.1m).
Supporting affordable housing
recommendations also include a revenue contribution to capital of £2m, to support the provision of housing affordable to Island residents, as well as Covid contingency estimated at £9.1m, to guard against continuing and legacy risks.
There is plenty more to read in the papers, which you can do by visiting the Council’s Website or reading the embedded document below.
Image: Images Money under CC BY 2.0
