Content

Careful
consideration was given to the proposed responses to the Ministry
for Housing, Communities and Local Government consultation paper
‘Local Authority Funding Reform: Objectives and
Principle’ which sought views on the approach to local
authority funding reform through the local government finance
settlement from 2026/27.  The
consultation also covered both Business Rate Retention, the
cessation of New Homes Bonus and Sales, Fees and Charges
reform.
 
Cabinet had due regard to the financial and
value for money considerations and legal implications and
recognised that the Council had not faired favourably on previous
assessments of need and following the consultation in 2018, had
anticipated a reduction in government funding within its
Medium Term Financial Strategy.
 
RESOLVED: That the draft response to
the Local Authority Funding Reform: Objectives and
Principles’ consultation, be endorsed and that the response
be submitted by the deadline of 12 February 2025.