At the Full Council meeting last night (24 February), councillors agreed a budget of £163.967 million.
In total, council tax will increase by 1.99% in the general council tax level (£1,342.66 at Band D) with an additional 1.9% increase in the social care precept (£174.38 at Band D).
This will result in an overall council tax increase of 3.89% equivalent to £1,517.04 at Band D. This is an increase of £56.80 on last year (at Band D).
The Council also approved a Medium Term Financial Strategy (MTFS) up to 2024/25. The MTFS is Solihull Council’s key corporate strategy that allows the Council to deliver its priorities as outlined in the Council Plan and to manage the Council finances in a prudent and efficient manner.
The strategy outlines a deliverable and affordable approach to meeting the challenges presented by reductions in funding alongside sustained and growing demand for Council services.
Councillor Ian Courts, Leader of the Council, said:
“Over the past two years we have had to make every penny count as we have dealt with the COVID pandemic. However, we have managed to maintain the high quality services we are known for and have innovated to provide new services to support our communities through this difficult time.
“In setting the council tax, there is always a fine balance between the potential impact of a higher increase on council tax payers against the risk of the ability to deliver the services residents need and expect.
“I think we have struck the right balance to protect the services I know residents and businesses demand. I am pleased Council has agreed this new council tax rate and a new strategic three-year budget.
“It means we can continue to work with partners to reduce inequalities and build a sustainable, healthier future for those who live, work and learn in the borough. It will allow us to focus additional resources on Adult Social Care services and our safeguarding work in Children’s Services. We can continue with our ambitious economic development plan, deliver a bold environmental programme and carry on supporting our people and their communities.
“Our aim is to improve the lives of residents and to deliver high quality, cost-effective services. As a Council we remain committed to making the best use of our resources to meet the needs of Solihull people.”
The final Council Tax bill residents receive will also include charges set by the West Midlands Fire and Rescue Authority, the West Midlands Police and Crime Commissioner and any Parish/Town Council precepts if applicable.