Councillor Karen Kilgour

Medium-term financial plan for 2026-27 to 2028-29

From: Business (Budget), Cabinet - Monday 16th February, 2026 6.00 pm - February 16, 2026

...agreed to recommend the medium-term financial planning for 2026-27 to 2028-29 to the meeting of City Council on 4 March to approve the 2026-27 revenue and capital budget, endorse the budget proposals for 2026-27, approve a core Council Tax increase of 2.99% and use the additional income generated to avoid further service reductions, and approve the application of the government's 2% Council Tax precept for adult social care.

Recommendations Approved

Scrutiny Response to 2026/27 Budget and MTFP

From: Business (Budget), Cabinet - Monday 16th February, 2026 6.00 pm - February 16, 2026

... considered the comments and concerns of scrutiny on the draft budget for 2026-27 and the draft medium-term financial plan and took them into account in finalising the budget recommendations to be submitted to City Council, while also noting that scrutiny will maintain oversight of the budget process.

Recommendations Approved

Rent and Service Charges

From: Business (Budget), Cabinet - Monday 16th February, 2026 6.00 pm - February 16, 2026

...increase council housing rents and service charges by 4.8%, freeze garage rents, and increase the heating infrastructure charge in line with rents, all effective from April 1st, 2026, while also approving the updated Rent Setting Policy.

Recommendations Approved

‘Pride in Place’ funding for Newcastle upon Tyne

From: Business (Budget), Cabinet - Monday 16th February, 2026 6.00 pm - February 16, 2026

...accepted government funding to regenerate Elswick (South) and Walker (North) with up to £20 million per area, and £1.5 million for a blended investment fund across three themes.

Recommendations Approved

Confidential Minutes of previous meeting held on 12 January 2026

From: Business (Budget), Cabinet - Monday 16th February, 2026 6.00 pm - February 16, 2026

Recommendations Approved