Somerset Council’s financial position
Inflation, rising interest rates and a large increase in adult social care costs are placing Somerset Council under significant financial pressure and we need to deliver significant savings. Out budget gap has increased to £100m for 2024/25 with gaps of £42m for 2025/26 and £41m for 2026/27.
A number of actions are being proposed and any decisions we make will be in the best interests of the people of Somerset and the dedicated officers who serve them.
Actions could include selling assets and buildings, including offices; increasing Council Tax, fees and charges as much as possible; reducing staffing levels; and reducing council services to statutory levels.