Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: February 20, 2025

Purpose: The revenue and capital budgets for 2025/26 are set and tenants rent levels are set for 2025/26 to ensure sound finances and value for money in providing housing services for council tenants.

Content: RESOLVED that the Executive approved and recommended to Council;   1) The Housing Revenue Account budget for 2025/26 (Appendix A), 2) That Council house dwelling rents be increased by up to 2.7% effective from 7th April 2025 in line with the council’s Rent Setting Policy that was approved by Executive on 26th October 2023, 3) That garage rents be increased by 2.7% with effect from April 2025, 4) That Shared Equity Rents be increased by 2.7% with effect from April 2025, 5) That Tenant Service Charges be increased over three years to achieve full cost recovery effective by April 2026, 6) The Housing Major Repairs (capital) programme for 2025/26 as set out in Appendix B and 7) Sheltered room guest charges for 2025/26 at £15.00 per night per room.