Purpose

To consider the recommendations

Decision

RESOLVED THAT:

1. 1.    the budget-setting timetable for 2027/28, as set out at Appendix 2 and outlined in Section 3 of this report, is approved;
2. 2.    the budget strategy and principles for preparing the 2027/28 budget and Medium-Term Financial Strategy, as set out in Sections 3 and 4 of this report, is approved;
3. 3.    the latest forecast General Fund position for 2026/27, including the forecast pressure on General Balances, and the need to deliver further recurring savings and efficiencies to support a sustainable and balanced budget over the medium term, are noted;
4. 4.    the continued work to refresh the Medium-Term Financial Strategy and develop proposals through the Council's four savings pillars, comprising the Staffing Establishment Review, Base Budget Challenge, Capital Programme Review and Discretionary Services Review, is endorsed;
5. 5.    that participation in a Gloucestershire Business Rates Pool is not currently considered financially beneficial following the reset of business rates baselines and the limited growth within the system, and that the Section 151 Officer will continue to review the position under the existing delegation, is noted;
6. 6.    the Section 151 Officer, Deputy Section 151 Officer and Cabinet Member for Finance and Assets are requested to consider feedback and proposals from the Budget Scrutiny Working Group in developing the initial 2027/28 budget proposals.