Decision Maker: Council

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: February 18, 2026

Purpose:

Content: 1.             That Council agrees: a)            That the revised Revenue Budget for 2026/27 totalling £317.292m be approved. b)            That the?Council Tax Band D of £1,847.53?for the Milton Keynes element of?Council Tax, be approved.??This is?a?4.99%?increase on the previous year?(2.99%?on the main element?plus a 2.00% Adult Social Care Precept). c)             That the Council Tax requirement for the Council’s own purposes for 2026/27 (excluding parish precepts) of £188.128m, be approved. d)            That the following amounts be calculated for the year 2026/27 in accordance with Sections 31 to 36 of the Local Government Finance Act 1992 [the “Act”]:  i) £755,423,761 Being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(2) of the Act taking into account all precepts issued to it by parish and town councils. (Gross expenditure including precepts)  ii) £553,350,975 Being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(3). (Net income excluding Council Tax requirement)  iii) £202,072,786                                                                                        As its Council Tax requirement for the year, being the amount by which the aggregate at (i) above exceeds the aggregate at (ii) above, calculated by the Council, in accordance with Section 31A(4).  iv) £1,984.47 As the basic amount of its Council Tax for the year (including Parish Precepts), being the amount at (iii) above, divided by the Council Tax Base agreed on 4 November 2025.  v) £13,944,589 Being the aggregate amount of all special items (Parish Precepts) referred to in Section 34(1) of the Act.  vi) £1,847.53 Being the amount at (iv) less the result given by dividing the amount at (v) above by the Council Tax Base agreed on 4 November 2025, as the basic amount of Council Tax for the year for Milton Keynes City Council, excluding Parish and Major Precepting Authorities.   2.             That the following amounts be calculated for Milton Keynes City Council Tax:   VALUATION BANDS   A (£) B (£) C (£) D (£) E (£) F (£) G (£) H (£)   MKCC with 2.99% increase 1,043.55 1,217.48 1,391.40 1,565.33 1,913.18 2,261.03 2,608.88 3,130.66   ASC levy with further 2.00% increase 188.13 219.49 250.84 282.20 344.91 407.62 470.33 564.40   MKCC Total 4.99% 1,231.68 1,436.97 1,642.24 1,847.53 2,258.09 2,668.65 3,079.21 3,695.06   3.             That the amounts given by multiplying the amount at (vi) by the number which, in the proportion set out in Section 5(1) of the Act, is applicable to all dwellings listed in each particular valuation band divided by the number which in that proportion is applicable to dwellings listed in Valuation Band D, calculated by the Council, in accordance with Section 36(1) of the Act. 4.             That for the year 2026/27, Police & Crime Commissioner for Thames Valley, in accordance with Section 40 of the Local Government Act 1992, has confirmed the following precepts to the Council for each of the categories of dwellings: VALUATION BANDS A (£) B (£) C (£) D (£) E (£) F (£) G (£) H (£) 198.85 232.00 265.14 298.28 364.56 430.85 497.13 596.56 5.             That for the year 2026/27, Buckinghamshire and Milton Keynes Fire Authority, in accordance with Section 40 of the Local Government Act 1992, has confirmed the following precepts to the Council for each of the categories of dwellings: VALUATION BANDS A (£) B (£) C (£) D (£) E (£) F (£) G (£) H (£) 59.64 69.58 79.52 89.46 109.34 129.22 149.10 178.92 6.             That as a result of the above, the amounts of Council Tax (shown in Appendix A and B) be set in accordance with Sections 30 and 36 of the Local Government Act 1992, for each of the categories of dwelling shown in the Schedule. 7.             That the 2026/27 levies payable to the Buckingham and River Ouzel Internal Drainage Board and the Environment Agency, be noted. 8.             That the position for the Dedicated Schools Grant of £436.147m and the Schools funding block for 2026/27 be noted and the budget and formula allocations for the High Needs Block and Early Years Block be approved. 9.             That the parking account estimate for 2026/27 and use of the surplus be approved. 10.        That the Housing Revenue Account Budget for 2026/27 be approved. 11.        That increases to housing rents are set at 4.8% for tenants (an average increase of £5.22 per week) and 2.7% for shared owners (an average increase of £2.77 per week), the maximum level allowable under the Rent Standard (CPI + 1%) be approved. 12.        That Garage rents are not increased for 2026/27. 13.        That the Housing Revenue Account service charge estimates be approved. 14.        That the Rent and Service Charge Policy be approved. 15.        That the fees and charges for 2026/27 (including those fees and charges which are exceptions to the Income and Collection Policy) be approved. 16.        That the revised Capital Programme which has been updated to reflect the Provision of a new Health Centre at the Lakes Estate project, considered at Delegated Decision on 17 February 2026/27, be approved. 17.        That additional borrowing of £2.057m to fund part of the new Health Centre Facility at the Lakes estate, considered at Delegated Decision on 17 February 2026, be approved. 18.        That the revised Capital Strategy which has been updated to reflect the revised Capital Programme, be approved. 19.        That the resource allocation for the 2026/27 Tariff Programme be approved. 20.        That the revised Treasury Management Strategy for the 2026/27 to 2029/30 and the Treasury Policy Statement, including the Minimum Revenue Provision Policy, Borrowing Limits be approved. 21.        That the financial forecast set out in the Medium Term Financial Plan (MTFP), in relation to both the resources and expenditure, be approved. 22.    a)      This Council notes that: i)       Residents continue to face rising living costs, including Council Tax as a consequence of financial settlements under successive governments which have failed to keep pace with the city’s growth. ii)      Key local services particularly SEND provision and the maintenance of our roads, streetlights and street signs remain under significant financial pressure. iii)     Milton Keynes City Council has managed its finances responsibly and maintained a balanced budget. b)      This Council believes that: i)       The Council should seek additional SEND funding on the same scale as other councils to which the Government has made special arrangements. ii)      Residents need clearer information about future savings and support available to them. Appendix A 2026/27 BASIC AMOUNT OF COUNCIL TAX NOTE: Basic Amount of Council Tax includes parish precepts but excludes Police and Fire Authority precepts AREAS BAND A BAND B BAND C BAND D BAND E BAND F BAND G BAND H   £ £ £ £ £ £ £ £ Abbey Hill [Two Mile Ash WEF 1 April 26] (PC) 1,279.56 1,492.82 1,706.07 1,919.35 2,345.87 2,772.39 3,198.91 3,838.70 Astwood & Hardmead (PC) 1,275.76 1,488.40 1,701.01 1,913.65 2,338.90 2,764.16 3,189.41 3,827.30 Bletchley & Fenny Stratford (TC) 1,376.16 1,605.53 1,834.89 2,064.26 2,522.98 2,981.70 3,440.42 4,128.52 Bow Brickhill (PC) 1,351.15 1,576.35 1,801.54 2,026.74 2,477.12 2,927.51 3,377.89 4,053.48 Bradwell (PC) 1,284.82 1,498.97 1,713.10 1,927.25 2,355.52 2,783.80 3,212.07 3,854.50 Broughton & Milton Keynes (PC) 1,273.00 1,485.18 1,697.33 1,909.51 2,333.84 2,758.18 3,182.51 3,819.02 Calverton (PM) 1,231.68 1,436.97 1,642.24 1,847.53 2,258.09 2,668.65 3,079.21 3,695.06 Campbell Park (PC) 1,388.83 1,620.31 1,851.78 2,083.26 2,546.20 3,009.15 3,472.09 4,166.52 Castlethorpe (PC) 1,295.53 1,511.47 1,727.38 1,943.31 2,375.15 2,807.00 3,238.84 3,886.62 Central Milton Keynes (PC) 1,254.96 1,464.13 1,673.28 1,882.45 2,300.77 2,719.09 3,137.41 3,764.90 Chicheley (PM) 1,248.15 1,456.20 1,664.21 1,872.25 2,288.29 2,704.36 3,120.40 3,744.50 Clifton Reynes & Newton Blossomville (PC) 1,288.12 1,502.82 1,717.51 1,932.21 2,361.59 2,790.97 3,220.33 3,864.42 Cold Brayfield (PM) 1,231.68 1,436.97 1,642.24 1,847.53 2,258.09 2,668.65 3,079.21 3,695.06 Emberton (PC) 1,278.63 1,491.74 1,704.84 1,917.96 2,344.17 2,770.39 3,196.59 3,835.92 Fairfields (PC) 1,311.15 1,529.69 1,748.20 1,966.74 2,403.79 2,840.84 3,277.89 3,933.48 Gayhurst (PM) 1,248.21 1,456.26 1,664.29 1,872.33 2,288.41 2,704.48 3,120.54 3,744.66 Great Linford (PC) 1,319.36 1,539.26 1,759.15 1,979.05 2,418.83 2,858.62 3,298.41 3,958.10 Hanslope (PC) 1,300.20 1,516.91 1,733.60 1,950.31 2,383.71 2,817.11 3,250.51 3,900.62 Haversham & Little Linford (PC) 1,297.96 1,514.29 1,730.61 1,946.95 2,379.60 2,812.25 3,244.91 3,893.90 Kents Hill, Monkston & Brinklow (PC) 1,281.51 1,495.11 1,708.69 1,922.29 2,349.46 2,776.63 3,203.81 3,844.58 Lathbury (PM) 1,243.19 1,450.41 1,657.59 1,864.80 2,279.19 2,693.60 3,107.99 3,729.60 Lavendon (PC) 1,274.81 1,487.29 1,699.75 1,912.23 2,337.17 2,762.10 3,187.04 3,824.46 Little Brickhill (PC) 1,305.89 1,523.55 1,741.19 1,958.85 2,394.15 2,829.45 3,264.74 3,917.70 Loughton & Great Holm (PC) 1,263.45 1,474.04 1,684.60 1,895.19 2,316.33 2,737.48 3,158.64 3,790.38 Moulsoe (PC) 1,262.89 1,473.38 1,683.85 1,894.34 2,315.30 2,736.26 3,157.23 3,788.68 New Bradwell (PC) 1,288.68 1,503.47 1,718.24 1,933.03 2,362.59 2,792.15 3,221.71 3,866.06 Newport Pagnell (TC) 1,395.75 1,628.38 1,861.00 2,093.63 2,558.88 3,024.13 3,489.38 4,187.26 North Crawley (PC) 1,281.29 1,494.85 1,708.39 1,921.95 2,349.05 2,776.15 3,203.23 3,843.90 Olney (TC) 1,319.89 1,539.89 1,759.86 1,979.85 2,419.81 2,859.78 3,299.74 3,959.70 Old Woughton (PC) 1,258.16 1,467.86 1,677.54 1,887.25 2,306.63 2,726.02 3,145.41 3,774.50 Ravenstone (PC) 1,292.77 1,508.24 1,723.70 1,939.17 2,370.09 2,801.02 3,231.94 3,878.34 Shenley Brook End & Tattenhoe (PC) 1,308.34 1,526.41 1,744.46 1,962.53 2,398.64 2,834.76 3,270.88 3,925.06 Shenley Church End (PC) 1,288.35 1,503.08 1,717.80 1,932.53 2,361.98 2,791.43 3,220.88 3,865.06 Sherington (PC) 1,297.99 1,514.33 1,730.66 1,947.00 2,379.67 2,812.33 3,244.99 3,894.00 Simpson and Ashland (PC) 1,277.15 1,490.01 1,702.86 1,915.73 2,341.45 2,767.16 3,192.88 3,831.46 Stantonbury (PC) 1,334.53 1,556.96 1,779.37 2,001.81 2,446.65 2,891.50 3,336.34 4,003.62 Stoke Goldington (PC) 1,299.39 1,515.96 1,732.52 1,949.09 2,382.22 2,815.35 3,248.48 3,898.18 Stony Stratford (PC) 1,311.38 1,529.96 1,748.52 1,967.09 2,404.21 2,841.35 3,278.47 3,934.18 Tyringham & Filgrave (PM) 1,242.79 1,449.93 1,657.05 1,864.20 2,278.46 2,692.72 3,106.99 3,728.40 Walton (PC) 1,303.60 1,520.88 1,738.14 1,955.42 2,389.95 2,824.49 3,259.02 3,910.84 Warrington (PM) 1,231.68 1,436.97 1,642.24 1,847.53 2,258.09 2,668.65 3,079.21 3,695.06 Wavendon (PC) 1,289.28 1,504.18 1,719.04 1,933.94 2,363.70 2,793.46 3,223.22 3,867.88 West Bletchley (PC) 1,358.33 1,584.73 1,811.11 2,037.51 2,490.29 2,943.07 3,395.84 4,075.02 Weston Underwood (PC) 1,294.64 1,510.42 1,726.19 1,941.97 2,373.52 2,805.06 3,236.61 3,883.94 Whitehouse (CC) 1,292.82 1,508.30 1,723.76 1,939.24 2,370.18 2,801.12 3,232.06 3,878.48 Woburn Sands (TC) 1,319.34 1,539.24 1,759.12 1,979.03 2,418.81 2,858.59 3,298.37 3,958.06 Wolverton & Greenleys (TC) 1,394.35 1,626.75 1,859.13 2,091.53 2,556.31 3,021.09 3,485.88 4,183.06 Woughton (PC) 1,477.11 1,723.31 1,969.48 2,215.68 2,708.05 3,200.42 3,692.79 4,431.36 AVERAGE AMOUNT 1,322.98 1,543.47 1,763.97 1,984.47 2,425.47 2,866.46 3,307.45 3,968.94     Appendix B 2026/27 TOTAL AMOUNT OF COUNCIL TAX NOTE: Amount of Council Tax includes Police, Fire Authority and parish precepts AREAS BAND A BAND B BAND C BAND D BAND E BAND F BAND G BAND H   £ £ £ £ £ £ £ £ Abbey Hill [Two Mile Ash WEF 1 April 26] (PC) 1,538.05 1,794.40 2,050.73 2,307.09 2,819.77 3,332.46 3,845.14 4,614.18 Astwood & Hardmead (PC) 1,534.25 1,789.98 2,045.67 2,301.39 2,812.80 3,324.23 3,835.64 4,602.78 Bletchley & Fenny Stratford (TC) 1,634.65 1,907.11 2,179.55 2,452.00 2,996.88 3,541.77 4,086.65 4,904.00 Bow Brickhill (PC) 1,609.64 1,877.93 2,146.20 2,414.48 2,951.02 3,487.58 4,024.12 4,828.96 Bradwell (PC) 1,543.31 1,800.55 2,057.76 2,314.99 2,829.42 3,343.87 3,858.30 4,629.98 Broughton & Milton Keynes (PC) 1,531.49 1,786.76 2,041.99 2,297.25 2,807.74 3,318.25 3,828.74 4,594.50 Calverton (PM) 1,490.17 1,738.55 1,986.90 2,235.27 2,731.99 3,228.72 3,725.44 4,470.54 Campbell Park (PC) 1,647.32 1,921.89 2,196.44 2,471.00 3,020.10 3,569.22 4,118.32 4,942.00 Castlethorpe (PC) 1,554.02 1,813.05 2,072.04 2,331.05 2,849.05 3,367.07 3,885.07 4,662.10 Central Milton Keynes (PC) 1,513.45 1,765.71 2,017.94 2,270.19 2,774.67 3,279.16 3,783.64 4,540.38 Chicheley (PM) 1,506.64 1,757.78 2,008.87 2,259.99 2,762.19 3,264.43 3,766.63 4,519.98 Clifton Reynes & Newton Blossomville (PC) 1,546.61 1,804.40 2,062.17 2,319.95 2,835.49 3,351.04 3,866.56 4,639.90 Cold Brayfield (PM) 1,490.17 1,738.55 1,986.90 2,235.27 2,731.99 3,228.72 3,725.44 4,470.54 Emberton (PC) 1,537.12 1,793.32 2,049.50 2,305.70 2,818.07 3,330.46 3,842.82 4,611.40 Fairfields (PM) 1,569.64 1,831.27 2,092.86 2,354.48 2,877.69 3,400.91 3,924.12 4,708.96 Gayhurst (PM) 1,506.70 1,757.84 2,008.95 2,260.07 2,762.31 3,264.55 3,766.77 4,520.14 Great Linford (PC) 1,577.85 1,840.84 2,103.81 2,366.79 2,892.73 3,418.69 3,944.64 4,733.58 Hanslope (PC) 1,558.69 1,818.49 2,078.26 2,338.05 2,857.61 3,377.18 3,896.74 4,676.10 Haversham & Little Linford (PC) 1,556.45 1,815.87 2,075.27 2,334.69 2,853.50 3,372.32 3,891.14 4,669.38 Kents Hill, Monkston & Brinklow (PC) 1,540.00 1,796.69 2,053.35 2,310.03 2,823.36 3,336.70 3,850.04 4,620.06 Lathbury (PM) 1,501.68 1,751.99 2,002.25 2,252.54 2,753.09 3,253.67 3,754.22 4,505.08 Lavendon (PC) 1,533.30 1,788.87 2,044.41 2,299.97 2,811.07 3,322.17 3,833.27 4,599.94 Little Brickhill (PC) 1,564.38 1,825.13 2,085.85 2,346.59 2,868.05 3,389.52 3,910.97 4,693.18 Loughton & Great Holm (PC) 1,521.94 1,775.62 2,029.26 2,282.93 2,790.23 3,297.55 3,804.87 4,565.86 Moulsoe (PC) 1,521.38 1,774.96 2,028.51 2,282.08 2,789.20 3,296.33 3,803.46 4,564.16 New Bradwell (PC) 1,547.17 1,805.05 2,062.90 2,320.77 2,836.49 3,352.22 3,867.94 4,641.54 Newport Pagnell (TC) 1,654.24 1,929.96 2,205.66 2,481.37 3,032.78 3,584.20 4,135.61 4,962.74 North Crawley (PC) 1,539.78 1,796.43 2,053.05 2,309.69 2,822.95 3,336.22 3,849.46 4,619.38 Olney (TC) 1,578.38 1,841.47 2,104.52 2,367.59 2,893.71 3,419.85 3,945.97 4,735.18 Old Woughton (PC) 1,516.65 1,769.44 2,022.20 2,274.99 2,780.53 3,286.09 3,791.64 4,549.98 Ravenstone (PC) 1,551.26 1,809.82 2,068.36 2,326.91 2,843.99 3,361.09 3,878.17 4,653.82 Shenley Brook End & Tattenhoe (PC) 1,566.83 1,827.99 2,089.12 2,350.27 2,872.54 3,394.83 3,917.11 4,700.54 Shenley Church End (PC) 1,546.84 1,804.66 2,062.46 2,320.27 2,835.88 3,351.50 3,867.11 4,640.54 Sherington (PC) 1,556.48 1,815.91 2,075.32 2,334.74 2,853.57 3,372.40 3,891.22 4,669.48 Simpson and Ashland (PC) 1,535.64 1,791.59 2,047.52 2,303.47 2,815.35 3,327.23 3,839.11 4,606.94 Stantonbury (PC) 1,593.02 1,858.54 2,124.03 2,389.55 2,920.55 3,451.57 3,982.57 4,779.10 Stoke Goldington (PC) 1,557.88 1,817.54 2,077.18 2,336.83 2,856.12 3,375.42 3,894.71 4,673.66 Stony Stratford (PC) 1,569.87 1,831.54 2,093.18 2,354.83 2,878.11 3,401.42 3,924.70 4,709.66 Tyringham & Filgrave (PM) 1,501.28 1,751.51 2,001.71 2,251.94 2,752.36 3,252.79 3,753.22 4,503.88 Walton (PC) 1,562.09 1,822.46 2,082.80 2,343.16 2,863.85 3,384.56 3,905.25 4,686.32 Warrington (PM) 1,490.17 1,738.55 1,986.90 2,235.27 2,731.99 3,228.72 3,725.44 4,470.54 Wavendon (PC) 1,547.77 1,805.76 2,063.70 2,321.68 2,837.60 3,353.53 3,869.45 4,643.36 West Bletchley (PC) 1,616.82 1,886.31 2,155.77 2,425.25 2,964.19 3,503.14 4,042.07 4,850.50 Weston Underwood (PC) 1,553.13 1,812.00 2,070.85 2,329.71 2,847.42 3,365.13 3,882.84 4,659.42 Whitehouse (CC) 1,551.31 1,809.88 2,068.42 2,326.98 2,844.08 3,361.19 3,878.29 4,653.96 Woburn Sands (TC) 1,577.83 1,840.82 2,103.78 2,366.77 2,892.71 3,418.66 3,944.60 4,733.54 Wolverton & Greenleys (TC) 1,652.84 1,928.33 2,203.79 2,479.27 3,030.21 3,581.16 4,132.11 4,958.54 Woughton (PC) 1,735.60 2,024.89 2,314.14 2,603.42 3,181.95 3,760.49 4,339.02 5,206.84     AVERAGE AMOUNT 1,581.47 1,845.05 2,108.63 2,372.21 2,899.37 3,426.53 3,953.68 4,744.42