Housing Revenue Account Budget Consultation 2021/22
Canterbury City Council will set its budget for 2021/22 on 18 February 2021. We want to hear your views on our proposals for the Housing Revenue Account (HRA) budget.
The HRA is funded from the rent and service charges we collect from more than 5,000 homes we own and manage.
HRA money can only be spent on services for council tenants and leaseholders.
It is a ring-fenced account and separate from the council’s main day-to-day spending budget (the General Fund).
We are consulting separately on proposals for the General Fund budget, you can read about those proposals and respond to the General Fund budget consultation here.
The HRA is under considerable financial pressure and it is expected that in 2021/22, we will need to spend more money than we receive. This is mainly because of:
- Extra spending needed for repairs and maintenance
- The cost of bringing the housing service back into the council
- Extra money spent on cleaning and sanitisation of our buildings due to Covid-19
- More people are struggling to pay their rent which reduces the amount of money coming in
So, we need to make savings and generate extra income to make sure we can continue to provide services to our tenants and leaseholders.
For existing Canterbury City Council tenants, we are proposing to increase rent by CPI + 1%.
CPI, or the Consumer Prices Index, is one way of measuring inflation or how much day-to-day living costs are going up such as the price of a loaf of bread or a pint of milk.
The CPI rate for 2021/22 is 0.5%, so rent would increase by 1.5%.
The following documents contain the full proposed budget for 2021/22:
Have your say
Give us your views by completing our questionnaire by 5pm on Monday 11 January 2021.
Once the consultation closes, all the feedback we receive will be reported to councillors in February 2021.
Published: 14 December 2020