Skip to main content
Stockton-on-Tees Borough Council

Big plans, bright future

Our Financial Position

An update on the Council’s Medium Term Financial Plan to 2018/19 was approved at a meeting of full Council in September 2015.

The table below summarises the current financial position. It shows that we need to find savings of £17.1 million by 2018/19. Overall the position is largely unchanged from the previous position agreed in February.

Realignment of Social Care expenditure has been offset by cuts in Public Health funding and business rate appeals:

 

2016/17

£'000

2017/18

£'000

2018/19

£'000

Budget Gap reported at Feb 2015 7,612 11,927 17,389
Realignment of Social Care expenditure (2,000) (2,000) (2,000)
Public Health Reduction 940 940 940
Business rate appeals 4,770 770 770
Budget Gap reported at Sept 2015 11,322 11,637 17,099

 
Read about how we intend to go about Tackling the gap.