Council Tax Reduction Scheme (CTRS)
Richmond Council is addressing a projected £70 million budget gap by 2030/31, though recent discussions have not focused on the Council Tax Reduction Scheme.
Richmond Council approved its Medium-Term Financial Strategy on 7 October 2026, which outlines a projected budget gap of nearly £70 million by 2030/31. The council's Lead Member for Finance and Resources, Councillor Jim Millard, stated this is the most significant financial challenge in its history, citing government funding cuts, rising demand, and inflation.
On 6 October 2026, Richmond Council unanimously passed a motion criticising government funding cuts and urging reconsideration of financial policies. The council warned of a potential 'cliff-edge' for vulnerable residents, noting that the government's 'Fair Funding Review 2.0' is expected to add further pressure.
Key facts
- Richmond Council approved its Medium-Term Financial Strategy on 7 October 2026. Source
- The strategy outlines a projected budget gap of nearly £70 million by 2030/31. Source 1 Source 2
- Richmond Council unanimously passed a motion criticising government funding cuts on 6 October 2026. Source
- Councillor Jim Millard described the financial situation as the most significant challenge in the council's history. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 7 October 2026. Spotted a mistake? Email community@opencouncil.network.