Wokingham Borough financial settlement

 

                Wokingham Borough will be able to spend more in cash terms next year than this, following the local government settlement. The education budget will show a small real increase, whilst the rest of the revenue spending shows minus 0.6% in “estimated revenue spending power” 2011-12   in today’s figures released by the government. The figure for non educational spending for next year is £117.19 million.

                  This is a much more generous settlement than the Council expected and should mean the Council can avoid any damaging cuts to core services.

                  The figures for total government revenue grant (excluding education) are £35.9 million for 2011-12 compared to £36.6 million in 2011-11. This should mean the Council could keep good services in all the important areas and avoid a Council Tax increase.

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3 Comments

  1. Will Boyes
    Posted December 13, 2010 at 6:20 pm | Permalink

    I’d be interested in knowing how this compares to some of the larger metropolitan authorities in the north, the early signs appearto indicate that smaller authorities in the south appear have a much more favourable settlement. Surely we aren’t seeing the signs of a Conservative administration widening the gap between north and south (again)?

    • alan jutson
      Posted December 15, 2010 at 9:15 am | Permalink

      Will

      Probably not widening the gap, just making a realignment back to sensible percentages of support.

      Correct me if I am wrong, but for the last 13 years did not the last Labour Government favour Labour controlled Councils with larger support grants than Conservative ones, and was not Wokingham one of the lowest supported Councils in the Country.

      Just out of interest John, how does Wokingham fair on the National league table of support grants now.

      Reply: Yes, very low relative support.

  2. Andy
    Posted January 10, 2011 at 3:01 pm | Permalink

    Will Wokingham continue to take the overspill of pupils from Reading into its schools? I would be interested to know the financial arrangements for this situation.
    Reply: The Borough is currently reviewign catchment areas. Reading pupil numbers are down n ow Reading has a new Academy. Financial trasfers are made.

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    John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford. A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China. He is the MP for Wokingham, first elected in 1987.

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