Purpose

Revenue Budget & Council Tax
2024/25

Content

RESOLVED:
 
The committee resolved:
 
a) 
That Members consider the advice of the Executive Director of
Finance in respect of Section 25 of the Local Government Act 2003
in setting the budget (see paragraphs 3.35 to 3.45);
 
b) 
That the Council be recommended to agree the Revenue Budget for
2024/25;
 
c) 
That the Council be recommended to agree that the Band D level of
Council Tax for 2024/25, including the Council’s increase in
Council Tax of 2.99%, the Social Care Precept of 2% and the GLA
increase of 8.6%, be set at £2,263.66, an overall increase of
5.72% on 2023/24. The levels of Council Tax for all property bands
are shown at Appendix A;
 
d) 
That the Service Committee note that the Medium-Term Financial
Strategy was approved by this Committee in September 2023 and a
further update will be provided by September 2024; and
 
e) 
That the Council be recommended to implement, from 1st April 2025,
a 100% council tax premium for second homes and to reduce the
period after which empty homes are charged a council tax premium
from two years to one (see paragraphs 3.46 - 3.51).