Budget agreed at Full Council
Published 3rd March 2022
Ten pound notes laid out underneath pound coins
East Herts approved its budget for the next financial year (2022/23) at a meeting of Full Council on Tuesday (1 March).

The budget includes over £90m of investment across the district through the five-year capital spending programme, delivering new leisure, arts and cultural facilities to revitalise town centres and create new opportunities for residents and businesses. This includes £45m for Old River Lane in Bishop’s Stortford and £24m for the redevelopment of Hertford Theatre.

To balance the budget the council needed to reduce its costs by £1 million.  It will do this through introducing Sunday parking charges at the same rate as Monday-Saturday. These changes will generate extra income to help support local services and are expected to be introduced in October following statutory consultation.

Additional savings come from charging for permits in Resident Permit Parking Zones at full cost recovery. This means residents who use the service pay the full cost of the administration and enforcement to prioritise parking in their favour and are no longer subsidised from council tax.

A below inflation tax rise of 2.9% will help the council keep up with the rising cost of providing services, with Band D council tax for the year increasing by £5 to £184.09 a year. Even after the £5 a year increase, East Herts residents will still pay the second lowest council tax in Hertfordshire for district council services.
The council tax figure forms part of the council’s medium term financial plan which will run until 2026/27. It’s built around the council’s corporate priorities of sustainability, economic growth, enabling communities and digital by default.  

Councillor Geoffrey Williamson, Executive Member for Financial Sustainability, said: “The last twelve months have seen some real successes we can be proud of, including the opening of our new leisure centre at Grange Paddocks, and the support we have been able to provide our local businesses with the distribution of £89m of Covid-related grants and funds. At this time next year I expect to be able to give equally positive updates including on Hertford Theatre, Hartham Leisure Centre and Old River Lane.

“Our aim has been to produce a budget for the coming year, which allows us to maintain levels of service but within our means. So, despite there being many factors working against us, we have nonetheless succeeded in bringing together a budget for next year which still protects front-line services, invests for the future and which overall provides the best deal for the residents and communities across our district.”

View the full report, including the other savings included as part of the budget package.