Issue - decisions

Draft 24/25 Budget Update

22/01/2024 - Draft 24/25 Budget Update

1.    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 2024/25 with no proposed cuts to services;

·         A forecast balanced budget for 2024/25, based on a 2.99% increase in council tax as noted above and the use of £0.365m of reserves

·         A forecast budget shortfall for 2025/26 of £1.575m, to be addressed through the development and delivery of the council’s savings programme;

·         To note the proposals in the report for investment in the Labour Administration’s priority areas