BOSSES at Maldon District Council say they have managed to balance the books for the coming financial year.

The council says it has delivered a balanced budget - where money coming in is equal to planned spending.

Leader Richard Siddall delivered his annual budget statement to the council.

Mr Siddall was appointed leader of the district council in June 2023.

He said members from across all political groups at the council had worked together with officers to achieve a fully balanced budget for the coming year. 

The council will also be able to continue delivering its corporate plan priorities.

An increase of 2.98 per cent for Maldon District Council’s share of council tax bills was agreed as part of the overall package of measures to balance the budget.

Inflation, growing demand for services and a limited financial settlement from central government all contribute to the financial pressures the council faces.

Mr Siddall said the council has had success securing external funding for the district.

More than £200,000 has been secured for community and wellbeing projects. 

Mr Siddall said the council is also continuing to deliver its UK Shared Prosperity projects totalling £1 million and has just launched a new Rural England Prosperity Fund scheme worth £400,000 to support business and community organisations across the district. 

He said he remains positive that the council can continue to deliver the best possible services for the district, although there are financial pressures ahead. 

Maldon and Burnham Standard: Office - Maldon District CouncilOffice - Maldon District Council (Image: MDC)

But Southminster councillor and former council leader Adrian Fluker said there may still be problems ahead.

He said: “Of course, it’s great news that the council delivered on my motion and delivered a balanced budget.

“The warning signs are there. The council is already predicting a shortfall of £450,000 for the next financial year.

“If interest rates fall quicker than predicted, then that figure will grow exponentially.”