Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: January 7, 2025

Purpose: As detailed in the report

Content: 1.    That the following elements of the budget for 2025/26 as its initial proposals subject to further consultation and scrutiny, be approved, namely:   a)    The budget requirement pre use of reserves as set out in Table B. b)    The budget savings and cost pressures covering the 2025/26 financial year, as set out in Appendix A. c)    The draft capital investment programme 2024/25 onwards set out in Appendix B, which is inclusive of £20m additional investment for the Economic Investment Fund separately approved by the Executive.   2.    That the budget proposal currently assumes a 2.99% council tax increase and £9.7m use of reserves and additional savings, and that different options are also being considered for precept setting, set out in Table E of the report, be noted.   3.    That the Executive reserves its position in relation to the precept setting options being considered and consequent use of reserves for the 2025/26 budget pending further consultation, scrutiny, unexpected cost base changes and final funding announcements.   4.    That the carrying out of consultation and scrutiny on the Executive’s initial proposals as set out in paragraph 1, together with all the options referred to in paragraph 2, be approved.