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It was moved by Councillor
Harris, seconded by Councillor Taylor and
 
RESOLVED
 
1. 
That the Council Budget and Medium-Term Financial
Plan proposals for 2025-2030 (Appendix 1), as updated, including
the detailed budget proposals for 2025/26, are approved in order to
provide the financial resources that maintain strong delivery
against the agreed Council Business Plan and that the Cumulative
Impact Assessment of these proposals (Appendix 2), as updated,
together with the results of the public consultation (Appendix 3)
are acknowledged and considered.
2. 
That the Council Tax requirement for the
Council’s own purposes be set at £441.379m and it be
confirmed that the Cornwall Council element of the Council Tax be
increased by 2.99%, plus a levy of 2% to be spent solely on Adult
Social Care, for the financial year 2025/26 (an overall increase of
4.99%, equivalent to a Band D charge of
£1,987.20).
3. 
That indicative future increases in Council Tax,
subject to changes in Council Tax limiting principles and future
budget requirements, are agreed for budget planning purposes at
4.99% across the period of the Medium-Term Financial Plan
(MTFP).
4. 
That the relevant basic amount of Council Tax for
the 2025/26 financial year be determined as being in accordance
with the Referendums Relating to Council Tax Increases (Principles)
(England) Report 2025/26.
5. 
That the formal Council Tax resolutions set out in
Appendix 6 be approved.
6. 
That a net General Fund Budget for 2025/26 of
£840.190m be set.
7. 
That the Chief Executive and Strategic Directors be
required to meet the revenue budget targets as set out in Appendix
1 (Annex 1) to the report, as updated, for the delivery of Council
activity in 2025/26 and future years to 2029/30, as set within the
Council’s MTFP.
8. 
That consideration be given to the Section 151
Officer report on the level of General Fund Reserve.
9. 
That the Annual Treasury Management Strategy
2025/26, as set out in Appendix 4 to the report, be approved
including:
i. 
The Prudential Indicators and Treasury Indicators
2025/26 – 2029/30
ii. 
The Annual Investment Strategy 2025/26
iii. 
The Minimum Revenue Provision Policy
10.That the Capital
and Investment Strategy 2025/26 – 2029/30, as set out in
Appendix 5 to the report, be approved.
11.That the
Council’s total Capital Programme be uplifted by
£153.142m, as detailed in Table 7 of the report.
12.That the Tamar
Bridge & Torpoint Ferry Joint
Committee 2025/26 Revenue Budget and Capital Programme and the
2025/26 draft Business Plan, as referenced in section 4, are
approved.
13.That the exercise
of the powers in sections 11B and 11C of the Local Government
Finance Act 1992 to levy the maximum council tax premiums on empty
homes and dwellings occupied periodically (including second homes)
continues for future financial years, unless varied or revoked in
accordance with the provisions of the 1992 Act.