Somerset Council Leader Bill Revans has repeated calls for the Government’s planned reform of local government funding to be accelerated as councillors met to vote through plans to set a balanced budget for 2025-26.
The budget was again set using Exceptional Financial Support (EFS) measures offered by the Government, which includes increasing Council Tax by 7.49% – above the referendum limit of 4.99% – and a capitalisation direction of £43m.
Capitalisation direction is a form of one-off assistance which allows the Council to finance everyday revenue costs by selling assets or borrow money.




