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RECOMMENDED
 
The proposed budget as set out
as in Appendix 4 for revenue and Appendix 7 for capital as set out
in the agenda report be approved.
 
RESOLVED
 
These proposals including
the core voluntary grants being increased by 4% for three years
from 2026/27 through to 2028/29 be considered, together with
any subsequent consultation comments for approval by Council as the
final budget for 2026/27 and the outline plan for the subsequent
years 2027/28 and 2028/29.
 
The proposed budget
includes:
 

•             
The level of council tax and the proposal to increase it by
£6.05 or 2.99% to £208.33.

•             
Reducing central funding and the need to make ongoing efficiencies
using invest to save where possible.

•             
Maintaining 100% council tax support.

•             
The ongoing impact of economic conditions on income streams and
changing Government funding.

•             
Continuing to react to the climate change emergency by maintaining
ongoing budgets for a climate projects officer and associated
spending in revenue and provision in the capital programme,
including ongoing provisions for corporate decarbonisation schemes
as per 5.5.

•             
A £3 million provision for employment sites funded by
borrowing.

•             
Authority for Executive to exceed the approved overall revenue
budget by up to £200,000 per 4.25.

•             
Support for housing – the Homes4Teignbridge initiative
including £7,243,317 for the Sherborne House Car Park social
rented flats and further purchases supported by the Local Authority
Housing Fund (see 5.3) whilst backing business and bringing people
and organisations together for local neighbourhood
planning.
•             
Infrastructure delivery plan investment funded by community
infrastructure levy (CIL) and external sources where available (see
5.4).
•             
Continuation of grant-funded South West
Regional Coastal Monitoring Programme as per paragraph
5.6.

·            
Town centre investment in infrastructure and employment as per
5.7

·            
Revenue contributions to capital being maintained at
£1,500,000 per annum for 2026/27 and £500,000
thereafter.

·            
Councillors’ community fund set at £1,000
each.

·            
Providing additional 4% inflationary funding to voluntary group
grants

·            
The level of general reserves necessary for the council as per 4.22
– recommended at £2.6 million.

·            
The Financial Plan 2026 – 2031 as updated for adoption (at
Appendix 8) and to continue to facilitate Member progression of
work plans by Overview & Scrutiny to address the budgetary
position and deliver savings.