Everything we know so far about Somerset Council’s 2026 budget
Monday, January 19, 2026
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As the statutory deadline of March 11 approaches, Somerset Council is hard at work finalizing its balanced budget for the 2026/27 financial year. Like all UK local authorities, the council must set a budget that balances income and outgoings, often leading to council tax rises to meet funding gaps.
Somerset Council remains in a “fragile” financial position, confronting an anticipated £73 million budget shortfall. Councillors and senior officers are actively exploring various proposals to close this gap, including negotiations with government officials and local MPs for greater and fairer funding following the recent local government funding settlement announced before Christmas.