Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: February 26, 2025

Purpose:

Content: 1.1     Approved the Council budget for 2025/26 as set out in the report   1.2     Agreed a 2.99% increase in the borough element of council tax in support of service delivery pressures   1.3     Agreed an Adult Social Care precept of 2%   1.4     Agreed the addition to the council tax in 2025/26 on the taxpayers in premises surrounding the garden in Gloucester Circus SE10 (Section 4)   1.5     Approved the overall council tax level and the relevant statutory calculations and resolutions (Section 4 and Appendix B)   1.6     Agreed the schools funding formula for use in 2025/26 as presented to Schools Forum on 15 January 2025 (Section 5)   1.7     Noted the overall additional cost of 139p per week at Band D (Section 4) of decisions 1.2 and 1.3.   1.8     Noted that the GLA precept for 2025/26 is due to increase by 4.0% (36p per week at Band D) (Section 4)   1.9     Noted the level of Dedicated Schools Grant for Education purposes and that the budget proposals for 2025/26 were agreed by the Schools Forum on 15 January 2025 (Section 5)   1.10   Noted the comments on financial standing, future risk and robustness of the budget process (Section 6)   1.11   Noted that it shall have regard to the s151 / Chief Finance Officer’s statement in Section 6, as required under s25(2) of the Local Government Act 2003, when making decisions in this report