Council's updated Business Plan proposes money saving measures
More Investment income, savings on pensions and seven fewer Councillors are just some of the areas that are proposed to help Malvern Hills District Council (MHDC) meet the savings required in its Business Plan.
The annually updated plan sets out how the council could achieve the savings it needs to find to remain financially sustainable at a time of reducing Government support and spiralling inflation.
An updated plan will be discussed at Executive Committee on Tuesday, 24 January 2023.
MHDC's approved Medium Term Financial Plan identified that the council will need to save £2.05m per annum by 2027/28 to balance the books, largely because of increased inflation particularly on vehicle fuel, energy prices and wages.
The savings for the next financial year will be part of the Budget to be agreed by Council in February but the plan shows that these are achievable with no reductions in services.
Cllr Peter Whatley, Portfolio Holder for Resources at Malvern Hills District Council, said: "MHDC's Business Plan represents a solid, prudent approach to the way we intend to run services for the next five years. MHDC is financially sound and has the resources not merely to continue 'as is', but to build on the last few years' innovative achievements in rejuvenating Malvern's core facilities, driving economic development post-COVID and, not least, reducing carbon emissions."
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