Decision Maker: Executive, Council

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: January 29, 2026

Purpose: To approve the Programme.

Content: RESOLVED – that Executive recommend to Council:   (i)             The latest Medium-Term Financial Plan (MTFP) forecast at Annex 1; (ii)           A freeze (0% increase) to Reigate & Banstead’s current Band D Council Tax rate of £264.87 for 2026/27 and a final taxbase of 65,182.50 Band D equivalents; (iii)         A Revenue budget requirement of £23.608 million for 2026/27, as set out in this report and at Annex 1, which reflects: a)    Service Budget net reductions totalling (£1.909) million as set out in Table 5, including additional fees and charges income of (£0.351) million: b)    Central Budget net increase totalling £3.163 million, as set out in Table 6. (iv)         That the forecast Reserve Balances are noted at Annex 2, including funding for specific items, and a general contribution of £0.350m to ensure an overall balanced budget, as detailed in the MTFP at Annex 1. (v)           A final Capital Programme of £63.553 million for 2025/26 to 2030/31 as set out in this report, which includes capital growth proposals of £10.458m. (vi)         The Chief Finance Officer’s report on the robustness of the budget estimates and adequacy of reserves (see paragraphs 86-92). (vii)        Note that there are no changes to The Local Council Tax Support Scheme.   That Executive:   (viii)      Authorises the Chief Finance Officer to make any necessary final technical adjustments to the Budget and Council Tax arising from final budget refinements or changes to Government funding. (ix)         Note the Equality Impact Report on the 2026/27 draft budget at Annex 4. (x)           Note the draft budget Consultation Report at Annex 5.