Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: October 16, 2024

Purpose:

Content: Cabinet RESOLVED;   1. To note the updated Medium Term Financial Strategy (MTFS) and related assumptions set out in this report.   2. To note the positive dialogue to date with MHCLG to develop a further package of support in order to set a sustainable and balanced budget for the future years 2025-26 to 2028-29.   3. To note the changes the Council needs to consider resulting from the work to develop a new target operating model, set out in paragraph 4.58 of this report.   4. To approve a period of public engagement, as set out from paragraph 4.66, on the proposals for returning the Council to financial and operational sustainability including the savings and growth proposals set out in Appendices B and B1.   5. To note the outcome of the public engagement will be reported back to Cabinet as part of the budget and council tax setting decision making.   6. To consider the outcome of the review of the Council Tax Support scheme as set out from paragraph 4.40 of this report.   7. To approve the recommendation to Full Council that the Council Tax Support scheme is not changed from that agreed by Full Council resolution on 6 March 2024.   8. To note the budget timetable set out in Appendix E.