Decision Maker: Executive Board

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: February 11, 2025

Purpose: To recommend to Council the: (a) 2025/26 Revenue Budget and Council Tax (b) Medium Term Financial Strategy Statement for the period 2025/26 and (c) Treasury Management Strategy Statement and Investment Strategy 2025/26 and Minimum Revenue Provision

Content: RESOLVED –   (i)         That the Budget and Council Tax is recommended for consideration by Council and that:   (a) the 2025/26 revenue budget totalling £345,148,220 be approved including fire levy of £10,189,233 and including the additional savings of £230k listed in paragraph 4.23 and detailed in Appendix 2.   (b) a sum of £95,637,412 be raised from Council Tax which equates to £1,749.81 at band D and of that sum:-   (i) £111,933 be raised as special expenses on the community areas of Acton, Caia Park, Offa and Rhosddu (£2.05), £6,657 on the community of Glyntraian (£0.12), £19,400 on the community of Llangollen Rural (£0.36) and £24,631 on the community of Chirk (£0.45) (ii) £95,474,791 be raised as general expenses (£1,746.83).   (ii)        That any additional funding received following publication of the Local Government Final Settlement will be applied as prescribed or used to reduce risks within the overall budget package.   (iii)       That the Medium Term Financial Plan outlined in Appendix 5 be recommended to Council.   (iv)       That the 2025/26 Capital Strategy (including the Minimum Revenue Provision (MRP) Statement), Treasury Management Strategy Statement and Investment Strategy as outlined in Appendix 6 and 6a be recommended to Council.   Reasons for decisions   (i)         To enable the Council to determine its revenue budget for 2025/26 and set the Council Tax for the year.   (ii)        To update the Medium Term Financial Plan and to make recommendations to Council on the 2025/26 Capital, Treasury Management and Investment Strategies, including the Minimum Revenue Provision Statement.