2024-28 Medium Term Financial Strategy Update

October 25, 2023 Cabinet (Cabinet collective) Approved View on council website
Full council record
Content

RESOLVED: To
 

1.1.        
Note the updated financial forecast and medium-term
financial strategy assumptions set out in this report.

 

1.2.        
Note the positive dialogue with DLUHC to develop a
further package of support in order to set a sustainable and
balanced budget for the future years 2024-25 to 2027-28.

 

1.3.        
Approve a period of public engagement, as set out in
Section 4, on the proposals for returning the Council to financial
and operational sustainability including the savings and growth
proposals set out in Appendices B and B1.
 

1.4.        
Note the outcome of the public engagement will be
reported back to the Executive Mayor in Cabinet as part of the
budget and council tax setting decision making.

 

1.5.        
Consider the outcome of the review of the Council
Tax Support scheme at paragraphs 3.46 to 3.54 of this
report.
 

1.6.        
To approve the recommendation to Full Council that
the Council Tax Support scheme is not changed from that agreed by
Full Council resolution on 1st March 2023.

Supporting Documents

App B - Growth and Savings - FINAL COPY.pdf
MTFS Report Final.pdf
Appendix B1 - Details on new savings and growth proposals.pdf
Appendix A MTFS Summary.pdf
App C - 2024-28 Government Grants and Funding Forecast.pdf
App E - Budget Setting Timetable.pdf
App F - Unfunded Burdens.pdf
App G - Best and Worst.pdf
Appendix H - Transformation Projects.pdf
Appendix D - Business Rates Forecast.pdf

Details

OutcomeRecommendations Approved
Decision date25 Oct 2023
Subject to call-inYes