Consultation on budget for 2023/24

The council’s decision-making Cabinet on Tuesday 8 November agreed to go out to consultation on budget proposals to support the key priorities in the new Council Plan for 2023 to 2027.

The proposal to keep the borough’s part of the council tax at £136.42 for the average household is likely to make Basingstoke and Deane one of the lowest of the districts in Hampshire, and most of the rest of the country, again. The borough council receives under 9% of the total council tax bill paid by residents in Basingstoke and Deane, with most of the funds allocated to Hampshire County Council.

An overview of council funding

There are three main sources of money that we have access to: revenue budget, capital budget and reserves. You can find out more about what these budgets are and how we use them by watching the animation below:

Our revenue budget is the funding that we use to deliver our day-to-day services, and we raise this income in several ways including the borough’s share of your annual council tax bill, business rates, fees and charges for additional services.

We generate significant income to support services from our commercial property and cash investments portfolios. The income we get from property we own is double the amount we get from council tax and business rates. For a closer look on how we raise income, please watch the animation below:

Here is a breakdown on how we spent our revenue budget last year:

Revenue Budget Spend

Capital funding is used to improve facilities, undertake large scale projects, investments and purchase property, which will provide income to help pay for our services.

We also must hold funds in case we don’t receive the income that we expect or need to incur additional expenditure. These are called reserves, with some of this money allocated for specific purposes. Reserves cannot be used to fund ongoing spending and are finite. It is also important to have reserves to help us pay for emergencies and unexpected events such as the pandemic. The reserves we currently hold are equivalent to the money we spend on our services for about 21 months.

Our proposals for 2023 to 2024

The proposed budget sets out how we plan to use our resources to deliver our day-to-day services and support the priorities in the Council Plan 2023 to 2027.

Freezing its part of council tax and not increasing car parking charges to help residents struggling with the cost of living are being proposed for the council budget from April 2023.

Despite rising costs and demand, the council is planning to invest in improving valued services and actions to tackle climate change and improve biodiversity, while keeping council tax low.

As part of the 2023 to 2024 budget, we are proposing the following:

  • to focus resources on services that customers value most, including improving weekly bin and fortnightly recycling collections and strengthening the grounds maintenance service to keep streets, parks and green spaces clean and tidy
  • to keep car parking charges at the current levels to help reduce the pressure of rising costs for residents and support businesses in Basingstoke town centre
  • to keep garden waste subscriptions at the same levels for a further year
  • to earmark extra money to meet challenging climate change targets, including creating a new green team to support residents and businesses to cut their carbon, changing waste collection vehicles to low carbon fuel and staffing the climate change team
  • recognising the role that community and voluntary groups play in supporting people struggling and helping communities to thrive, the council is proposing to defer a planned reduction in grant funding for a further year, maintaining our £1.35 million of support for the coming year.

For more information about our proposals, please watch this animation below.

If you need this document in another format or language, please contact us.

Council Plan 2023

Next steps

The consultation has now closed. Councillors will consider all feedback carefully before adopting the final budget in February.

Contact us

  • Contact us online
  • 01256 844844
  • Civic Offices
    London Road
    RG21 4AH
  • Opening hours
    Monday to Friday
    8.30am to 4.30pm