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Somerset Council avoided financial collapse, cut its deficit to £25M by Feb 2026, and plans a balanced budget with a 4.99% tax rise and £45M savings program.
Somerset Council has moved from financial emergency to recovery, reducing its funding gap to £25 million by February 2026 and avoiding a Section 114 notice.
It approved a 4.99% council tax rise, raising the average Band D bill to £1,950.30, below regional averages.
The council will use a final year of exceptional government support to close the remaining gap and plans long-term savings through a £45 million innovation program, expected to yield £135 million in savings.
Funds will also support infrastructure, hardship assistance, and growing adult and children’s services, with a goal of a balanced budget next year without external intervention.
El Consejo de Somerset evitó el colapso financiero, redujo su déficit a £ 25 millones para febrero de 2026 y planea un presupuesto equilibrado con un aumento de impuestos del 4,99% y un programa de ahorro de £ 45 millones.