KCC is on course to deliver £100 million savings this year, we have reprofiled £39.5 million of potential future spend and reduced debt by £67 million (with a further reduction of £16 million) by the end of this financial year.
Next year’s budget includes £14 million of savings secured specifically to ensure that council tax increases for residents are kept to a minimum.
KCC has proposed our first ever Commercial Strategy, developed an LGR proposal that is £464 million less expensive than other options, created savings options for the future and begun planning for increased income generation.
KCC has instilled a value for money, and efficiency and commercial culture within the authority and are planning ways to incentivize staff to generate income and reduce costs.
Statement from Councillor Matthew Fraser-Moat
“It was a great honour to be asked to serve as a Cabinet Member and since then I have tried to balance my Council responsibilities with the responsibilities of my family business. The pressure of giving my best to both roles led to a lapse of judgement in a recent conversation with a journalist in which I was very disappointed to see my words twisted to fit what I believe to be an anti-KCC narrative by the newspaper in question.
"It has become clear to me that continuing as Head of DOLGE is not sustainable, and now that KCC has delivered a balanced budget and stabilised the council’s finances, I have decided to step down from my role as a cabinet member.
"I would like to thank my cabinet colleagues, the DOLGE team and the many hardworking council officers and staff who have worked tirelessly to deliver these outcomes for Kent.
"I will continue to give my full support to the leader and cabinet and look forward to continuing to work hard for my residents as councillor for Northfleet and Gravesend West."
ENDS
