Issue - meetings

-Resolved     (i)         That the assumptions set out in the report be approved.

                        (ii)        That the Cabinet recommends to full Council an increase in Council Tax of 2.7% for 2018/19.

                        (iii)       That the Finance, Resources and Partnerships Scrutiny Committee be asked to consider what comments it wishes to make on the draft Budget and Council Tax proposals before the final proposals are considered at Cabinet on 7 February 2018.

A report was submitted which reviewed progress on the completion of the revenue and capital budgets for 2018/19 following agreement of the 5 year Medium Term Financial Strategy (MTFS).

The Portfolio Holder for Finance and Resources thanked the Executive Director – Resources and Support Services and his staff for their work in identifying savings and opportunities to increase revenue which had helped to close the funding gap for 2018/19.

With regard to Council Tax, the figures were set out for both an increase of 2.99% and a £5 (2.70% increase).  It was noted that additional savings would need to be found if an increase of 2.70% was agreed.

Resolved      (i)         That the assumptions set out in the report be approved.

                        (ii)        That the Cabinet recommend to full Council an increase in Council Tax of 2.7% for 2018/19.

                        (iii)       That the Finance, Resources and Partnerships Scrutiny Committee be asked to consider what comments it wishes to make on the draft Budget and Council Tax proposals before the final proposals are considered at Cabinet on 7 February 2018.