Decision Maker: Executive Cabinet

Outcome: Abandoned

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: January 23, 2025

Purpose:

Content: That Members agree the contents of this report in order to start the budget consultation process as follows: ·         A proposed 2.99% increase in council tax in 2025/26; ·         A forecast balanced budget for 2025/26 (based on a 2.99% increase in council tax, as noted above); ·         A forecast budget shortfall for 2026/27 of £1.932mill, to be addressed through the development and delivery of the council’s Fit for the Future transformation programme, although it is acknowledged that a significant level of uncertainty prevails around this figure following publication of the ‘Local Authority Funding Reform: Objectives and Principles’ consultation paper, which outlines the government’s intent to redistribute funding through a fair funding review and business rates reset; ·         To note the proposals in the report for investment in the Administration’s priority areas.