Decision Maker: Executive Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
That Members agree the contents of this report in order to start the budget consultation process as follows:
· A proposed 2.99% increase in council tax in 2025/26;
· A forecast balanced budget for 2025/26 (based on a 2.99% increase in council tax, as noted above);
· A forecast budget shortfall for 2026/27 of £1.932mill, to be addressed through the development and delivery of the council’s Fit for the Future transformation programme, although it is acknowledged that a significant level of uncertainty prevails around this figure following publication of the ‘Local Authority Funding Reform: Objectives and Principles’ consultation paper, which outlines the government’s intent to redistribute funding through a fair funding review and business rates reset;
· To note the proposals in the report for investment in the Administration’s priority areas.
Report author: Neil Halton
Publication date: 23/01/2025
Date of decision: 23/01/2025
Decided at meeting: 23/01/2025 - Executive Cabinet
Effective from: 01/02/2025
Accompanying Documents: