Issue - meetings

(i)              That the Revenue and Capital Budgets as detailed in this report and in

the report to Cabinet dated 9 January 2025, be recommended to Full Council for approval.

(ii)             That the updated Medium Term Financial Strategy 2025/26 to 2029/30

(Appendix 2) be recommended to Full Council for approval;.

(iii)           That the strategy for ensuring a balanced revenue outturn position for

2024/25, be approved.

(iv)           That the calculation of the Council Tax base and a proposed Council Tax

increase for 2025/26 of 1.99% per Band D equivalent property be recommended to Full Council for approval.

(v)             That the risk assessment at Appendix 3 and the Section 151 Officer’s

recommendation on the level of reserves and contingencies provisionally required to be maintained in 2025/26 be recommended to Full Council for approval .

(vi)           That the Civic Growth Fund priorities for 2025/26 be approved.

(vii)          That the Capital Strategy (Appendix 5) for 2025/35 be recommended to

Full Council for approval.

(viii)        That  the Treasury Management Strategy (Appendix 6) for 2025/26 be

recommended to Full Council for approval. .

(ix)           That the Investment Strategy (Appendix 7) for 2025/26 be recommended

to Full Council for approval.

(x)             That the Commercial Strategy (Appendix 8) for 2025/26 be

recommended to Full Council for approval.

(xi)           That the updated Asset Management     Strategy (Appendix 9) for

2023/28 be recommended to Full Council for approval.

(xii)          That the Local Council Tax Reduction Scheme (Appendix 10) for

2025/26 be recommended to Full Council for approval.

The Deputy Leader introduced the report on the Capital Strategy for 2025-35 as well as the Treasury Management Strategy, Investment Strategy and Commercial Strategy for 2025-26.

The Leader thanked the Deputy Leader and the Finance team for their work in preparing the report and strategies.

The budget and strategies would be submitted to Full Council the following Wednesday including a 1.99% Council Tax increase towards services and programmes such as the Civic Pride which would be enabled through the Civic Growth Fund, and the Borough Fund. The budget also included a 4% reduction in funding following changes in government.

Resolved:    (i) That the Revenue and Capital Budgets as detailed in this report and in the report to Cabinet dated 9 January 2025, be recommended to Full Council for approval.

(ii) That the updated Medium Term Financial Strategy 2025/26 to 2029/30 (Appendix 2) be recommended to Full Council for approval.

(iii) That the strategy for ensuring a balanced revenue outturn position for 2024/25, be approved.

(iv) That the calculation of the Council Tax base and a proposed Council Tax increase for 2025/26 of 1.99% per Band D equivalent property be recommended to Full Council for approval.

(v) That the risk assessment at Appendix 3 and the Section 151 Officer’s recommendation on the level of reserves and contingencies provisionally required to be maintained in 2025/26 be recommended to Full Council for approval.

(vi) That the Civic Growth Fund priorities for 2025/26 be approved.

(vii) That the Capital Strategy (Appendix 5) for 2025/35 be recommended to Full Council for approval.

(viii) That the Treasury Management Strategy (Appendix 6) for 2025/26 be recommended to Full Council for approval.

(ix) That the Investment Strategy (Appendix 7) for 2025/26 be recommended to Full Council for approval.

(x) That the Commercial Strategy (Appendix 8) for 2025/26 be recommended to Full Council for approval.

(xi) That the updated Asset Management Strategy (Appendix 9) for 2023/28 be recommended to Full Council for approval.

(xii) That the Local Council Tax Reduction Scheme (Appendix 10) for 2025/26 be recommended to Full Council for approval.

Watch the debate here