Finance and debt 2020/21

Within the Annual Plan, and to help cushion the blow, we are proposing adjustments to Councils financial strategy. As well adjustments to rates (Find more detail here) there will be some increase in Council debt and spending.

Debt is being used to support economic recovery projects via the partnership fund, and fund shortfalls in operational revenue.

Council has also made adjustments to its operations to reduce costs by:

• No increases in the levels of staffing, only filling required positions if they become vacant
• No pay rises for staff
• Budget line cuts in a number of operational areas
• No inflationary adjustments to budgeted expenditure