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RESOLVED:
 

1.    
That the Teignbridge band D council tax for 2026/27 is increased by
2.99% or £6.05 to £208.33 per annum.
 

2.    
Maintaining 100% council tax support.
 

3.    
That general reserves are increased to 12.4% of the net revenue
budget for 2026/27 or £2.6 million.
 

4.    
That £200,000 of the general reserve balance in any one year
be available to the Executive to meet unexpected expenditure in
addition to the agreed revenue budget.
 

5.    
All other decisions with regard to budgetary change will be
approved by reference to virement rules in the financial
instructions.
 

6.    
That the summary revenue budget for 2026/27 is £21.0 million
as shown at appendix 4. In particular the revenue budget
includes:
a)   
Assumptions of a 3.0% pay rise for 2026/27.
b)   
Revenue contributions to fund capital are maintained at
£1,500,000 to support the capital budget.
c)    
Core voluntary grants are increased by 4% for three years from
2026/27 through to 2028/29.
d)   
The councillors community fund grant is maintained at £1,000
each.
e)   
Continued resources to cover Modern 25.
 

7.    
That fees and charges are approved as shown summarised at appendix
6.
 

8.    
That the capital programme as shown at appendix 7 is approved. The
capital programme to 2028/29 has been updated to align with the One
Teignbridge Action Plan, which was adopted at Full Council on 23
October 2025. The main aims are to work with communities, support
the local economy, care for the environment, create affordable
homes and work with partners to bring forward infrastructure
improvements. It also includes:
 
Infrastructure delivery plan
projects are vital to the development and accessibility of the
area. These include highways and cycle path projects, funded by CIL
and external sources where available.
 
Investment in housing
(Homes4Teignbridge) continues. On 23 October 2025, the Sherborne
House car park social rented flats budget was increased to
£7,243,317. Homes England funding in support of the scheme
was confirmed in early December 2025. Half of the funds for this
scheme come from council resources (receipts and internal
borrowing) and half from external contributions.
 
The purchase of council homes
supported by the Local Authority Housing Fund continues, with a
further provision of £1,000,000 in prudential borrowing to
improve temporary accommodation arrangements and reduce the use and
cost of bed and breakfast accommodation. Investment in other
support measures such as disabled facilities continue, funded from
Better Care grant.
 
There are provisions to
continue corporate decarbonisation measures, including energy
efficiency measures at Dawlish and Newton Abbot leisure
centres.
 
Provision is also included
for town-centre investment, including the refurbished Market Hall
in Newton Abbot, due to complete in 2026. There is a
£3,000,000 provision for employment infrastructure, to create
new spaces for jobs and local enterprise. These projects aim to
stimulate growth in the local economy and ensure it is an
attractive and well-connected environment for local businesses.
 

9.    
That the Financial Plan 2026 to 2031 is approved as set out in
appendix 8.
 

10.That the prudential
indicators are noted and the prudential limits approved all as set
out in appendix 11.
 

11.That the updated
treasury management strategy statement and authorised lending list
as set out in appendix 12 is approved together with the capital
strategy in appendix 12a.
 

12.That each scheme
will be considered on its merits as explained at the end of
appendix 12 to decide the calculation of minimum revenue provision
for capital expenditure in 2026/27.
 

13.That the council tax
resolutions as recommended in appendix 15 are approved.