Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: December 17, 2025

Purpose:

Content: RESOLVED that Cabinet: - (a)           Acknowledged the ongoing progress being made to address the funding gap for 2026/27; (b)           Endorsed the latest position regarding the developing 2026/27 Budget and MTFP position; (c)           Recognised the significant level of uncertainty at this time due to fluctuations in the predicted outcome of the governments Fair Funding Formula; (d)           Approved the implementation of a restricted voluntary redundancy process to enable the delivery of 2026/27 savings from specific service-based restructures; (e)           Requested Portfolio Holders, Corporate Directors and Budget Holders bring forward the necessary additional savings, efficiencies, additional income proposals and service adjustment proposals to enable the 2026/27 Budget to be legally balanced; and (f)            Approved the continuation of the current Local Council Tax Support Scheme (LCTSS) for 2026/27. Voting: Unanimous Portfolio Holder: Finance Reasons To comply with accounting codes of practice and best practice which requires councils to have a rolling multi-year medium term financial plan. To provide Cabinet with the latest high-level overview of the 2026/27 Budget and 3-year medium-term financial plan including any updates on the government’s proposals to return the SEND system to financial sustainability in 2025.