A guide to your council tax bill

Why The Council’s Budget has Changed between 2019/20 and 2020/21

Explanation of the change in the Council’s Gross Revenue Budget

£m

RMBC Net Budget Requirement for 2019/20

221.15

Increase in gross expenditure for Council Tax borne services

10.20

Decrease in Income and Specific and Ring-Fenced Grants

1.98

RMBC Net Budget Requirement for 2020/21

233.33

Increase in Net Budget Requirement

12.18

The reasons for the increase in the Net Council Budget are shown below

£m

Inflation and cost pressures

6.71

Investments in social care

10.78

Investment in key services

3.11

Budget savings and efficiencies

-16.72

Budget contingency and reserves replenishment

8.30

Change

12.18