Decision details

* Budget 2024/25 & Medium Terms Financial Strategy

Decision Maker: Cabinet

Decision status: Recommmend Forward to Council

Is Key decision?: No

Is subject to call in?: No


To recommend to Full Council the Council’s budget and the revised Medium Term Financial Strategy following public consultation (Stage 4 of 4 in setting the forthcoming year’s budget).


RESOLVED – That Full Council be recommended


1.  That the changes to the base budget along with the assumptions and approach detailed throughout the report be approved.


2. That the responses to the budget consultation be approved.


3. That the revenue budget be approved.


4. That the rolling forward of the capital programme including additional gross funding of £5,308,900 for new schemes listed within the report be approved.


5. That an increase in the ‘Basic Amount’ of Council Tax of £5.70 (2.9%) for 2024/25 for a Band D property be approved.


6. That, with regards to Council Tax, the Council approves to levy a 100% Long Term Empty Premium for properties that had been empty for more than 1 year from 1 April 2024 and to levy a 100% Second Home Premium for properties from 1 April 2025 be approved.


7. That the Pay Policy Statement 2024/25 set out in Appendix E be approved.


REASON FOR DECISION:  To deliver a sustainable budget to deliver the Council’s key objectives

Report author: Lee Colyer

Publication date: 08/02/2024

Date of decision: 08/02/2024

Decided at meeting: 08/02/2024 - Cabinet

Accompanying Documents: