Decision Maker: Housing Committee

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: January 23, 2025

Purpose:

Content: R E S O L V E D – that:   A.    the proposed revenue budget for 2025/26 with a net contribution to reserves and future capital financing costs of £4.745m, as shown at Appendix A of the report, be agreed, subject to approval by Strategy & Resources Committee and Full Council.   B.    the proposed Capital Programme for 2025/26 in the sum of £26,566,000 and the subsequent years, as shown at Appendix B of the report, be agreed, subject to approval by Strategy & Resources and Full Council.   C.   Social Rents (excluding service charges) and Affordable Rents (including service charges) for 2025/26 be increased by 2.7% in accordance with government social rent policy guidance.   D.   the rent for garages be increased by 2.7% for 2025/26 to produce a standard weekly rent of £16.03 to tenants, or £19.24 (including VAT) for let to private tenants.   E.    service charges be increased by 2.7% for 2025/26 to produce an average weekly charge of £8.43.   F.    Sheltered and Older Persons Service Charges be increased by 2.7% for 2025/26 to £16.96 and £3.70 respectively.   G.   that the PWLB HRA Loan of £3.650m due for repayment in 2025/26 be re-financed and programmed funding of £6.650m to finance the capital programme be financed by either internal and / or PWLB borrowing.