COUNCIL chiefs in Burton are set to underspend by £0.7 million for the current financial year, a new report shows.
East Staffordshire Borough Council’s ruling cabinet was presented with the authority’s performance report for the third quarter of the 2012-13 year at its latest meeting at Burton Town Hall.
The figures for the period from October 1 to December 31, showed the council was on track to deliver more than 89 per cent of its corporate plan targets and was forecasting an underspend of £700,000 for the full financial year, against a net budget of £13.316 million.
Council leader Richard Grosvenor (right) said the council was in an especially pleasing position given that the authority had had to make ‘substantial savings’ this year, in part due to an 11 per cent reduction in central Government funding.
Councillor Grosvenor said: “The council is being well run financially and if you compare our financial position with other authorities you will find they are not in as good health as we are,
“It speaks volumes that when other councils are increasing their council tax we are able to recommend a reduction in council tax.”
Chief executive Andy O’Brien said the report showed the council was ‘in a very strong position in terms of both performance and finance.”