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Our budget

The budget sets out how much money we can spend on achieving our objectives within each service.

Our budget has two elements:

  • A revenue budget which includes spending on the day-to-day running of services, for example salaries, contracts for services and running expenses of buildings
  • A capital programme which includes expenditure on items that will be used by Norfolk County Council for more than one year: for example, land, buildings, vehicles and computers

The revenue budget and capital programme are supported by the annual treasury management strategy.

Revenue budget

Here are some key facts:

  • Our gross revenue budget for this year (2021-22) is £1.518bn
  • Between 2010-11 and 2019-20 our grant from the government was cut by £220m
  • The County Council approved an increase in council tax of 3.99% for 2021-22, including 2% for adult social care. Previously, the County Council froze its element of council tax for five years between 2011-12 and 2015-16. In 2016-17 council tax was increased by 3.99%, including 2% for adult social care, in 2017-18 council tax was increased by 4.8%, including 3% for adult social care, in 2018-19 council tax was increased by 5.99%, including 3% for adult social care, in 2019-20 council tax was increased by 2.99%, and in 2020-21 council tax was increased by 3.99% including 2% for adult social care
  • Council tax accounts for 29% of Norfolk County Council funding and will raise £439m in 2021-22
  • Between 2011-12 and 2021-22 we have budgeted to achieve £477m savings
  • Over the same period the Council has had to absorb additional costs of £616m

Capital programme

A capital programme for 2021-25+ of £538m including major schemes such as:

  • Living Well - Homes for Norfolk: to develop extra care housing in Norfolk
  • SEND transformation programme to create 500 extra specialist school places
  • Great Yarmouth Third River Crossing
  • Norwich Western Link
  • Transport capital maintenance
  • Better Broadband for Norfolk

View the Capital Strategy

View the Treasury Management Strategy

View the 2021-25 Budget Book

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