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Gloucestershire Business News

Forest of Dean considers balanced budget

Forest of Dean District Council will consider an historic proposed budget for 2021-22 on Thursday after the cabinet agreed a draft version.

For the first time, the council will balance the budget and has been able to put funds into reserves.

To meet that aim, a Council Tax rise of £5 for the year on a Band D property is proposed.

And the council is looking to commit to becoming more enterprising and commercially focused with projects such as Foxglove Gardens and Destination Lydney Harbour designed to improve the local economy.

Councillor Richard Leppington, cabinet member for finance, said: "I am very pleased to be putting forward this budget to council that is not only balanced, but has allowed us to put some money aside for future. It is a real triumph during a very difficult time for local councils.

"While we're going in the right direction there is still a lot of uncertainty regarding future funding.

"Further difficult decisions need to be made given the uncertainty of future government funding and the financial ramifications of Covid-19. We will do our best to ensure the Forest of Dean gets the funding it needs."

The council will receive £435,160 in Covid funding for the first three months of 2021/22. which has been set aside to cover the additional homelessness and leisure costs.

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