North Yorkshire Council will receive an additional £44.5 million in funding next year as part of the Government’s £64.7 billion Local Government Finance Settlement. The Council’s Core Spending Power will increase from £614.4 million in 2023-24 to £658.9 million in 2024-25, an increase of 7.2 per cent.
Additionally, the Government has also announced that North Yorkshire’s Police, Fire and Crime Commissioner has seen an uplift of 5.8 per cent to their budget, totalling £40.3 million in 2024-25.
The Local Government Finance Settlement sets out how much councils have to spend on vital local services each year, including social care, which will see a £1.5 billion increase in funding next year as a result of the announcement.
The additional funding will also include a £15 million increase to the Rural Services Grant, meaning £110 million of spending on hard-to-reach rural communities.
Residents will also remain protected from excessive council tax increases thanks to the Governments reforms to council tax, ensuring councils cannot impose sudden and unexpected rises in council tax on local people without a referendum.
Julian Smith said, “North Yorkshire Council is the largest unitary authority in England, covering an area four times the size of Greater London, and is the third most populous. With this comes significant challenges that the Council rises to, but we must ensure that they are backed by the necessary funding and support.
“This funding announcement does just that, with an increase of over 7 per cent in its Core Spending Power next year. I’m really pleased to see the Government recognise the importance of ensuring our councils have the appropriate support to deliver the essential services households rely on.”
