Decision

RESOLVED:

That the following recommendations be approved and noted, and recommended to Full Council:

a)    Torridge’s Band D Council Tax for 2025/26 be increases by (2.99%) from £189.50 to £195.17 per year

b)    Torridge’s Net Revenue Budget 2025/26 is £12.109m

c)    The contributions to the Council’s reserves as outlined in paragraph 11.4 are approved.

d)    That in light of the risks to the Council’s finances identified within the report that the Member Working Group continue its work to bring the Council’s budgets back into balance.

That members note:

The Chief Finance Officer (s151 Officer) assurance of the robustness of the budget 2025/26 set out in section 13 of the report.

Note the assumptions and forecast applied to develop the MTFS outlined in section 9.

(Vote: For – 7, Against – 1, Abstention – 1)