The financial challenge
Since 2010, Government has cut our core funding by £140m - that's about half. It is planning to cut another £30m by 2022. Our overall spending power has been cut by £529 per person - that's the highest cut in London. In the meantime, demand for services is increasing.
|Funding 2010||Funding 2018||Funding 2022|
Our priority has always been protecting frontline services, so we've tried to address this huge challenge by, among other things, reducing management and back office staff, investing in services to reduce costs in the long term, bringing services back in house and renegotiating contracts.
After a decade-long freeze we increased Council Tax for the first time in 2016, to help fund things like parks and libraries, waste collections and support for our most vulnerable residents.
Over the next few years, we will have some difficult decisions to make, but our priority will always be to protect frontline services and make sure we can look after our most vulnerable residents. We will involve you in these decisions.
Council tax 2019/20
At a council meeting on 27 February, councillors will be asked to consider proposals to increase council tax by 4.99%. This will increase bills for most people in Hackney by 92p a week.
Increasing council tax is not an easy decision, but we need to do it to help fund vital services.
The increase will raise an extra £3.8m - about 13% of what we need to save.
Your guide to council tax in Hackney 2019/20
Find out more about council tax, why we need to increase it and why we don't increase it further:
Despite the challenges, we still manage a budget of over £1.1bn, and we have ambitious plans to not only protect the services you rely on, but also invest in a wide range of services, from social housing and youth clubs to our employment service and affordable work space for local businesses.
Our budget aims to make sure that Hackney continues to be a place for everyone, and help all of our residents access the opportunities and benefits that Hackney's growth brings.
We're finalising our budget for 2019/20. It will be published on our website before our Cabinet meeting on 25 February. It will then be debated by all councillors at our Council meeting on 27 February.
You will receive a summary of what is contained in the budget in Hackney Today on 11 March, and via your council tax booklet, which will be delivered with your council tax bill in March.