Oxfordshire County Council needs to make savings of at least £16m in 2027/28, rising to £22m in 2028/29, in addition to delivering all existing savings, to address reductions in government funding announced earlier this year.

A balanced budget for 2026/27 was agreed in February 2026, with warnings that future years will become more challenging due to changes in government funding formulas, which will see some councils receive increased allocations while others receive less.

Further savings may be required if inflation in the wider economy or increased demand for council services drives costs above the assumptions built into the current budget.