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Budget, Mayoral Precept and Medium-Term Financial Plan Engagement

The Combined Authority and Dr Nik Johnson, Mayor of Cambridgeshire and Peterborough, want your views on our Budget, Mayoral Precept and Medium-Term Financial Plan proposals.

Residents and businesses are encouraged to have their say between Monday 18th November and Monday 23rd December.

Your views will help to inform the Combined Authority Board’s final decision on the proposals, which is currently scheduled to be taken on Wednesday 22nd January 2025.

Hard copies of the Budget, Mayoral Precept and Medium-Term Financial Plan proposals and the questionnaire are available on request.

For this, or other questions, please call 01480 277180 or email consultations@cambridgeshirepeterborough-ca.gov.uk.

Views can also be shared by email to the above email address.

Mayoral Precept Proposals

The Mayoral Precept was introduced in 2023 to raise the funds to support buses across our region

The draft budget currently assumes that the Mayoral Precept is maintained at the current Band D equivalent level of £36.

Dr Nik Johnson, Mayor of Cambridgeshire and Peterborough is seeking views on whether this should be maintained at £36 or increased by 4.99%, in line with the maximum increase available for upper tier transport authorities, to a Band D equivalent of £37.80.

This proposals is estimated to generate an additional £500,000 which will also be invested to enhance and improve bus services across Cambridgeshire and Peterborough.

Draft 2025-2029 Medium Term Financial Plan

The MTFP sets out how The Combined Authority’s strategy and priority projects, including in transport, housing, skills and business support can be sustainably funded.

 

 

Have your say on the Combined Authority’s 2025/26 Budget, Mayoral precept and Medium-Term Financial Plan (MTFP) covering 2025-2029.

Read our Corporate Strategy

To read more our about our priorities for the region, please take a look at our corporate strategy: