Medium Term Financial Strategy 2025/26 - 2028/29 and Detailed Budget 2025/26
February 11, 2025 Place Committee (Committee) Approved View on council websiteContent
RESOLVED that the following be RECOMMENDED to the Corporate and Resources Committee to recommend to Full Council: 1. the general fund proposals in the Budget Report regarding the 2025/26 budget for Property, Strategic Planning and Infrastructure, Regeneration and Economic Development, Employment, Skills & Enterprise, Place Making, Major Contracts, Culture, Community Housing, Communities and Engagement, Shared Environment Service; 2. the HRA 2025-26 base budget and proposal for growth and savings as set out in this report; 3. the indicative HRA revenue budgets for 2025-26 to 2027-28 set out in Enclosure 3of the report; and 4. full HRA Capital Programme as described in paragraphs 46 to 52 and detailed in Enclosure 5of the report; AND RESOLVED that the following be approved: 5. the 2025-26 average social rent increase of 2.7% in line with Government policy and detailed in paragraphs 3 to 6 of the report; 6. tenant service charges for designated independent living accommodation stock to be increased by 2.7% (CPI+1%) from 2024/25 charges, subject to consultation, as detailed in paragraph 14 of the report; 7. the 2025-26 rents for HRA hostels, affordable rented and shared ownership properties owned by the Council be increased by 2.7% as detailed in paragraphs 7 to 11of the report; and 8. the 2025-26 rents for garages and non-Housing dwellings owned by the Council be increased by 2.7% as detailed in paragraphs 12 and 13 of the report. (Note: ‘the report’ in resolutions 2 to 8 refers to Annex 10 of the Budget Pack.)
Related Meeting
Place Committee - Tuesday 11 February 2025 7:30 pm on February 11, 2025
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 11 Feb 2025 |
| Subject to call-in | Yes |