The proposals outline savings and income generation measures worth £13.9 million, increasing to £21 million by 2026/27. Following public input, Mayor Chris Cooke and his team have amended some plans, including scrapping parking charges at Stewart Park.
The decision on the Captain Cook Birthplace Museum's future has been delayed to explore options suggested during the consultation. The museum will reopen for its new season in April.
After considering the proposed savings, the Council's budget gap has shrunk to £4.7 million thanks to an additional £1.6 million government grant for social care.
"We received valuable feedback through the consultation and have adjusted our initial plans accordingly," said Mayor Cooke. "While difficult choices remain due to our financial situation, I'm happy to have protected crucial areas like community safety, youth services, and school crossing patrols."
The Council submitted an application for Exceptional Financial Support in January, with a decision expected next week. Approval would allow the Council to borrow funds for daily operations in 2024/25, covering the budget gap while implementing service improvements and cost reductions. This is crucial to address a further £7.95 million shortfall projected for 2026/27.
Cllr Nicky Walker, Executive member for Finance and Governance, highlighted the Council's financial challenges and ongoing efforts to address them. "Since the elections, we've been tackling budget issues head-on," she said. "The overspend forecast for 2023/24 has significantly reduced, showing progress thanks to everyone's involvement in the consultation."
The Council's Executive will vote on the revised proposals on 28th February, followed by a full Council vote on 8th March regarding the Exceptional Financial Support, budget, and a proposed 4.99% council tax increase.
For more information:
- Visit the Council's website: www.middlesbrough.gov.uk
