1. Making Bath & North East Somerset an even better place to live, work & visit ANNUAL BUDGET FAIR 2012 Andrew Pate Corporate Director - Resources

2. Making Bath & North East Somerset an even better place to live, work & visit The Budget Fair »This is a 6 th year of Annual Budget Fair »Provides the Context of the Financial Challenge »Forms Key Element of Council Budget Consultation Process »Specific Workshops on Budget Proposals »Opportunity to Ask Questions »Provide Feedback into the Budget Process

3. Making Bath & North East Somerset an even better place to live, work & visit The Financial Challenge »Government aim to reduce National Deficit. »Comprehensive Spending Review (CSR) –Oct 2010 - 28% reduction in formula funding. »2013/2014 to be worse than expected? »Reductions in many other grants. »Significant changes impacting »Next CSR expected in 2013 »Likely to be Longer Term pressure on Public Sector Expenditure to 2018 at least.

4. Making Bath & North East Somerset an even better place to live, work & visit National Policy Changes »End of Formula needs Assessment – until 2020 or 2022. »Localisation of Business Rates – 50% Share. »Local Council Tax Support Scheme. »Welfare Reforms & Universal Credit. »Council Tax Discounts. »Public Health. »Clinical Commissioning Groups & Health. »Planning – funding reforms abandoned. »LEA and Academies.

5. Making Bath & North East Somerset an even better place to live, work & visit What this Means »The Most Significant and Sustained Financial Challenge Council has faced. »At the same time - significant funding pressures from increasing demand and rising supplies and services costs. »Around £30M of savings over 3 years. »Process to “Explore all Options” »Will need to Prioritise Resources and Services »Full 3 Year Medium term Service and Resource Plans 2013/14 to 2015/16.

6. Making Bath & North East Somerset an even better place to live, work & visit Discussion & Consulatation Will Need to Consider: »What should we do less of? »What are your ideas for improving services at lower cost? »What services/communities should we make a priority?