Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: December 19, 2024

Purpose: To seek recommendation to Council to approve the 2025-26 Budget and MTFP

Content: RESOLVED   KEY DECISION   That the Executive:   a.      Noted the draft 2025/26 Housing Revenue Account Budgets as set out in Appendix A to the report, which will be consulted upon with Tenants, which includes:    an increase in dwelling rents for 2025/26 of 2.7% which adheres to the Ministry of Housing, Communities & Local Government (MHCLG) rent setting formula.   b.      Noted the draft Housing Revenue Account Medium Term Financial Plan beyond, for 2026/27 to 2029/30 as set out in Appendix B to the report.   c.      Noted the forecast reserves for the Housing Revenue Account up to 2029/30 as set out in Appendix C to the report.     Reason for Recommendations: To ensure that the Council complies with its Constitution in setting the budget for North Northamptonshire.   Alternative Options Considered – This is the start of the formal budget consultation for the HRA and any comments from the consultation will be considered as part of this process.