Issue - meetings

The purpose of this report is to set out the Council’s budget proposals for 2025/26. It also provides a general update on the Council’s overall financial position, including an overview of the current economic outlook.

Cabinet RESOLVED:

(1)        To note the overall financial position.

(2)        To agree to consult on the new budget proposals, as set out in Appendices A and B of the report.

(3)        To agree to consult on a Council Tax increase of 4.99% (consisting of a 2.99% general increase plus 2% for the Adult Social Care Precept) in 2025/26.

(4)        To endorse the approach to the statutory process of consultation, scrutiny and equalities between November 2024 and February 2025, as set out in section ten of the report.

(5)        To endorse the changes to the technical budget assumptions underpinning the budget, as set out in section six and seven of the report.

(6)        To note the position with regard to the funding for Schools and the Dedicated Schools Grant, as set out in section eleven of the report.

(7)        To note the position with regard to the Housing Revenue Account, as set out in section twelve of the report.

(8)        To note the position with regard to the Capital programme, as set out in section thirteen of the report.

Eligible for call-in: Yes

Deadline for submission of call-in: 6pm on Tuesday 19 November 2024