The council's budget is agreed by the full council in February each year.
Summary budget
The Local Government Act 2000 gives the full council responsibility for approving the policy framework and the budget. Each year, the budget is sent to the February council meeting for its approval after consideration at the cabinet meeting in January/February.
The budget report includes the:
- overall general revenue budget and funding
- Council Tax level - Colchester's element
- medium term financial forecast (MTFF)
- capital programme
- prudential indicators and Treasury Management
- Strategy and Annual Investment Strategy (appendix N)