Solihull Council has agreed its budget for 2023/24, which includes the new council tax rate.
At the Full Council meeting last night (23 February), councillors agreed a budget of £199.250 million.
In total, council tax will increase by 4.99%. This comprises an increase of 2.99% in the general council tax level (to £1,388.02 at Band D) with an additional 2% increase in the adult social care precept (to £204.72 at Band D).
This is an increase of £75.70 on last year (at Band D).
The Council also approved a Medium Term Financial Strategy (MTFS) up to 2025/26. 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.
Councillor Ian Courts, Leader of Solihull Council, said:
“When setting council tax, we have to strike a balance. We are, of course, mindful of the current cost-of-living pressures and the potential impact an increased rate could have on council tax payers. However, we must also consider the need to provide ongoing funding for our services, so we can continue to deliver the services residents need and expect.
“I believe we have struck that balance with this new council tax rate and a strategic three-year budgeting plan. This means we will be able to maintain investment in our services, press on with our ambitious Economic Strategy, continue our effective action to combat climate change and carry on supporting our people.
“We have ensured additional funds are allocated to protect the most vulnerable in our communities. This year’s budget includes over £25 million of additional funding to support our improvement plans for Children’s Services, as well as nearly £15 million of additional funding for adult social care.
“As ever, we are committed to making the best use of our resources to improve the lives of all Solihull residents, now and in the future.”
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.