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Financial Context
Pay (80%)
Non-Pay
PCC
Spending
Gross Annual Budget = £310.6m( VFM profile - positive)
Grants (67%)
Income
Council Tax
Funding
Financial Challenge over Next 4 Years2015/16 – 2018/19
National Insurance
Grant Cut
Inflation
Formula 2% Council Tax rise
pa
=£61m
savings required
(min!)
Pressures Challenge
• On top of £50m successfully delivered for CSR1
PartiallyOffsetBy
15/16 16/17 17/18 18/1902468101214161820
14.5
18.9
13.7 14.5
Savings Required (£m)
£61m over four years – not worse case!
- After assuming 2% per annum increase in police council tax
- Before any internal growth requiring additional savings on top - ‘Fairly’ certain for 2015/16.
£144.28/ Year
2% = 6 p /week 3.5% = 9 p /week
Current Planis a 2% increase
Still Requires £14.5mSavings (min)
An extra 1.5% increaseraises £1.2 million saves24 police jobs (average)
‘Referendum’ trigger - would cost £2m - up to not beyond!
Increasing police council tax by 3.5% ?
