Delivering Your Priorities for Wolverhampton
The consultation is now closed.
Since 2010-2011 despite the successive cuts in Council resources, which have led to significant financial challenges, the Council has set a balanced budget in order to deliver vital public services and city amenities. The extent of the financial challenge over the next three years continues to represent the most significant challenge that the Council has ever faced, with reducing resources, growing demand for services and significant cost pressures.
Where does our money come from and where do we spend it?
The Council receives income from Business Rates, Council Tax, Grants and income from fees and charges raised from services that people use. The council use this income to support a wide range of services aligned to our strategic priorities listed below.
The Council has a gross expenditure budget of around £629 million. The majority of the money to support this expenditure comes from specific grants, for example, grants for schools, housing benefits, public health, along with income raised from fees and charges.
The remaining expenditure is the Councils budget requirement, funded from Council Tax, Business Rates and Government Grants. Based on our current assumptions, the forecast budget requirement in 2023-2024 is in the region of £279.5 million. The budget simulator uses this budget requirement as the basis for setting the budget.
Our Council Plan 2019-2024
The City of Wolverhampton is changing. Our Council Plan is an ambitious plan setting out how, by working together, we will delivery the priorities of the people of the city over the next five years.
Our Council Plan, developed with the people of the City of Wolverhampton at its heart, sets out how we will deliver our contribution to Vision 2030 and how we will work with our partners and communities to be a city of opportunity. The plan includes six strategic priorities which come together to deliver the overall Council Plan outcome of ‘Wulfrunians will live longer, healthier and more fulfilling lives.’ Over the medium term, resources will continue to be aligned to enable the realisation of the Council’s strategic priorities of achieving:
• Children and young people get the best possible start in life
• Well skilled people working in an inclusive economy
• More good jobs and investment in our city
• Better homes for all
• Strong, resilient and healthy communities
• A vibrant, green city we can all be proud of.
About the Budget Simulator
We want to hear from you about your priorities on how you feel we should spend our budget. You may not be aware of the range of services that the Council provides, the budget simulator can help give you a better understanding of these services.
The aim of the tool is to balance the budget. You will see the impact of reducing and increasing the budget available for different services.
The tool is broken down into seven blocks. We have structured the budgets to help you prioritise where you think we should be spending our money.
For more information on our 2020-2021 Final Budget and Medium Term Financial Strategy 2020-2021 to 2023-2024 please visit https://www.wolverhampton.gov.uk/your-council/corporate-finance/view-councils-savings-proposals/councils-budget-setting-documents-19-february-2020
We will use this data to help us understand what is important to you. The implications that are highlighted as you balance the budget are there only to give you an understanding of the kind of impact that this may have on the service.