Annex 2
The table below shows the number of years and
funds lost, for each of the six local authorities with the greatest
grant and needs gap, until they reach their undamped grant level,
based on current information:
|
| | With Reducing Pot
(-1.5%)
| Number of years with
reducing pot (-1.5%)
| Funds lost (reducing
pot -1.5%)
|
|
| | |
| £m
|
| Bexley | 2018-19
| 11 | -21
|
| Stockton-on-Tees | 2021-22
| 14 | -40
|
| Redcar & Cleveland | 2019-20
| 12 | -20
|
| Stoke-on-Trent | 2016-17
| 9 | -25
|
| Solihull | 2016-17
| 9 | -13
|
| Wigan | 2016-17
| 9 | -33
|
|
Against this background of excessive needs and resources
gaps and slow pace of change, there are authorities at the opposite
end of the scale that have historically been greatly over-funded.
In the current formula the maximum decrease is 5%. Under current
arrangements it may take up to 26 years for funding to reduce
to the formula level ie almost twice as long for funding to reduce
formula levels, than for funding to increase to formula levels.
Over that time, authorities at the over-funding extreme of
the formula could receive surplus funds of up to £446 million
(with one authority alone receiving £191 million) in excess
of their identified needs.
|
| | With Reducing Pot
(-1.5%)
| Number of years with
reducing pot (-1.5%)
| Extra funds received
above needs allocation (reducing pot -1.5%)
|
|
| | |
| £m
|
| West Berkshire UA | 2033-34
| 26 | 30
|
| Camden | 2032-33
| 25 | 191
|
| Bournemouth UA | 2030-31
| 23 | 50
|
| Gloucestershire County | 2028-29
| 21 | 98
|
| York UA | 2025-26
| 18 | 25
|
| Oxfordshire County | 2024-25
| 17 | 52
|
|
| May 2009 | |
| |
| 
