Purpose

To agree the Council Budget and
Council Tax

Content

Recommended
Council to agree:
 

1.       that the Council
budget for 2026/27 as set out in the report be approved

 

2.       a 2.99% increase in
the borough element of council tax in support of service delivery
pressures

 

3.       an Adult Social Care
precept of 2%

 

4.       the addition to the
council tax in 2026/27 on the taxpayers in premises surrounding the
garden in Gloucester Circus SE10 (Section 4 of the
report)

 

5.       the overall council
tax level and the relevant statutory calculations and resolutions
(Section 4 and Appendix B of the report)

 

6.       the schools funding
formula for use in 2026/27 as presented to Schools Forum on 14
January 2026 (Section 5 of the report)
 
Recommended
Council to note:
 

7.       the overall
additional cost of 146p per week at Band D (Section 4 of the
report) of decisions 1.2 and 1.3.

 

8.       that the GLA precept
for 2026/27 is due to increase by 4.1% (39p per week at Band D)
(Section 4 of the report)

 

9.       the level of
Dedicated Schools Grant for Education purposes and that the budget
proposals for 2026/27 were agreed by the Schools Forum on 17
December 2025 (Section 5 of the report)

 

10.    
the comments on financial standing, future risk and robustness of
the budget process (Section 6 of the report)

 

11.    
that it shall have regard to the s151 / Chief Finance
Officer’s statement in Section 6, as required under s25(2) of
the Local Government Act 2003, when making decisions in this
report