The Budget and Council Tax for the 2020-2021 financial year was set on 25 February 2020. This covers the period 1 April 2020 to 31 March 2021.
How much is Council Tax going up?
There is an overall increase in Council Tax of 3.99%. This includes 2% resulting from powers granted by the Government to set an Adult Social Care Precept. This raises extra Council Tax to provide much needed money for adult social care services. These support vulnerable people in Cornwall. The overall increase equates to £1.17 per week for a Band D property.
How does the Council raise money?
The Council raises income to pay for local services through a mix of ways. Nearly half of this comes from grants, fees and charges. The rest is mainly from Council Tax, Business Rates and central government funding.
What does the Council spend money on?
Where else does my Council Tax go?
Why do we have to pay Council Tax?
Every year the Council sets a budget. This sets how much we will spend on local services like roads, bins and grass cutting. This spending is partly funded by Council Tax. The Budget and Council Tax for the 2020-21 financial year covers the period 1 April 2020 to 31 March 2021.
What is happening to the Council’s budget overall?
Like all local authorities, Cornwall Council continues to face significant financial challenges. These include:
- significant cuts in our funding from Central Government
- service demand pressures
This means the Council will need to save £12m in 2020/21. Over the period 2020/21 to 2023/24 the Council will need to make savings of some £58m in total.
Thanks to our budget planning over the past few years the Council is in a strong position to deal with the financial challenges ahead. We have worked hard to become more efficient and effective by:
- restructuring the council
- delivering services in different ways
We are also working with:
- Town and Parish councils
- local residents
- the voluntary and community sector
This will give communities more say in the running of their local services.
Need more detail? See our Financial Publications page