Exeter City Council will have to make net savings of £3.835 million next year and reduce its reserves to a minimum despite an increase in central government funding according to its 2023-24 budget proposals.
Council budget cuts expected at same time as £10.6m Exeter City Living loan
Exeter City Council is expecting to make net savings of £3.835 million next financial year and reduce its reserves to a minimum despite an increase in central government funding, according to 2023-24 budget proposals to be discussed at January’s executive committee meeting.
Exeter City Living governance review to follow highlighted financial risk
A progress report on the development of the 2023-24 Exeter City Living business plan confirms a governance and management review will take place after an auditor’s report which found that the company had put the council at “significant financial risk” after losing £2.2 million in its first two years of trading.
Motor vehicle infrastructure continues to dominate Devon transport spending
New active travel infrastructure to receive just 5% share of capital allocations this year and next, with new roads capital expenditure to increase from 74% to 86%.
Council borrowing nearly triples in three years as property acquisition and development loans mount
Freedom of information request reveals five paragraph “outline business plan” for £55 million Guildhall shopping centre investment.
Do Exeter Labour election campaign claims stand up to scrutiny? Coda: Council tax
The last part of our 2022 local elections series is a coda examining Exeter Labour’s claim that the city has one of the lowest rates of council tax in the country.
