Join the Caerphilly Conversation – Council Budget Setting 2023-2024

Title

Join the Caerphilly Conversation - Council Budget Setting 2023-2024

Date opened

19/01/2023

Date closes

08/02/2023

Overview

Caerphilly County Borough Council has unveiled its draft budget proposals for 2023/24, along with details of plans to plug a projected £48million gap in finances over the following two years.

Why are we consulting

Caerphilly, like all local authorities across Wales, is facing significant financial challenges at the moment due to ongoing budget pressures caused by a number of unprecedented factors.

We have endured over ten years of UK government enforced austerity with budget cuts, wage freezes and a shift in burden to those who can least afford it. We are also feeling the impact of Brexit, a global pandemic, rising energy prices and a cost of living crisis.

Whilst these pressures are significant, we are in a strong position to face the challenges ahead due to our sound financial management over recent years.

One of the key proposals in the report is a one-off use of council reserves in 2023/24 totalling £15.051million. Caerphilly has healthy reserves at present, the majority of which are ring-fenced and ear-marked for specific schemes. However, an element of the funds can be used as a contingency for a ‘rainy day’.

Other permanent and temporary savings totalling £12.421m have also been identified to help balance the budget for 2023/24. “The one-off use of reserves and temporary savings in 2023/24 provides a short-term fix and will buy us time to reshape our services to address the significant financial challenges that lie ahead.

Another key recommendation in the draft report is to increase Council Tax by 7.9% for 2023/24. This would increase the Band D precept from £1,253.95 to £1,353.01 (an annual increase of £99.06 or £1.91 per week).

It's important to note that even with a 7.9% council tax increase, Caerphilly CBC will remain one of the very lowest council tax rates in the whole of Wales.

Documents 

Further information can be found on our Budget Impact Assessment and Integrated Impact Assessment webpages.

Ways to give your views

We recently asked residents to give their views on which services Caerphilly County Borough Council should prioritise over the next few years.

We have used this information to help shape the council’s draft budget proposals for 2023/24. To have your say on these, you can…

Complete the online survey.

Printable survey.

Call in for a catch up at one of the following informal drop-in sessions:

  • Wednesday 25 January, Rhymney Library, 10:00am - 12:00 midday
  • Wednesday 25 January, Risca Library, 3:30pm - 5:30pm
  • Thursday 26 January, Blackwood Library, 10:00am - 12:00 midday
  • Friday 27 January, Nelson Library, 10:00am - 12:00 midday
  • Monday 30 January, Caerphilly Library, 11:00am - 1:00pm
  • Thursday 2 February, Newbridge Library, 10:00am - 12:00 midday
  • Thursday 2 February, Ystrad Mynach Library, 10:00am - 12:00 midday
  • Tuesday 7 February, Bargoed Library, 5:00pm - 7:00pm

Attend an online session and have a chat to the team at one of the following:

  • Wednesday 25 January, 2:00pm - 3:00pm
  • Tuesday 31 January, 5:30pm - 6:30pm
  • Monday 6 February, 10:00am - 11:00am

To attend one of these sessions, please e-mail publicengagement@caerphilly.gov.uk with the preferred date, and a link to attend the online session will be provided.

Enquiries

Residents who have any specific requirements such as access, hearing loop, require translation facilities or wish to use the Welsh language at any of the events are asked to contact the team at publicengagement@caerphilly.gov.uk or by calling 07933174352.

Date results are expected

The final budget proposals will be considered towards the end of February.

Expected outcomes