The Council currently has an annual budget, sometimes referred to as the precept, of £100,000. It uses this funding to provide resources which represent the needs and views of residents, for youth service provision and to help finance numerous local initiatives for the benefit of the community. In the future it is likely to take on the Younghayes Centre and ownership of further town assets, including play parks and public open spaces, which would be managed on behalf of Cranbrook residents.
The Council is also involved in working with the developers to resolve outstanding issues affecting the town and to propose suggestions for improvements to its existing and future infrastructure, including revisions to Phase 1, utilities, play areas, street scene and landscaping issues, the Country Park and the train station.
The Council is involved in planning for the new town hall, to be situated in the town centre, which it hopes will incorporate council offices, a council chamber, a library, one or more cafés, a catering kitchen, public toilets, small offices for business hire, a flexible entertainments space with a bar and exhibition space as well as car parking spaces.