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RESOLVED: That Cabinet:
 

(1)  
Noted the Council’s expected funding for 2025/26.

(2)  
Confirmed (in line with the Medium-Term Financial Strategy) that
budget forecasts should be based on increasing Council Tax by 2.99%
(the maximum amount allowable without a local referendum). Noting
that Government have assumed Council Tax will increase by the
maximum allowed in calculating Core Spending Power.
 

(3)  
Noted that the Council may see real-term reductions in its funding
in future years.
 

(4)  
Agreed. in context of the above, which proposals (revenue and
capital) should be taken forward as part of the budget-setting
process for 2025/26.
 
REASON FOR
DECISIONS: To ensure that all relevant factors are
considered in arriving at a proposed budget, Investment Strategy
and Council Tax level for 2025/26, to be considered by Full Council
on 27 February 2025.