Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: July 10, 2025

Purpose: This report sets out a proposed framework for the 2026/27 MTFS refresh to enable enable members to begin considering draft 2026/27 Budget and 2026-31 Medium Term Financial Strategy proposals while maintaining a longer-term focus on the Council’s financial sustainability.

Content: That Cabinet:   1.     Notes the emerging financial position within which the 2026/27 budget and 2026-31 Medium-Term Financial Strategy will be developed;   2.     Agrees the strategic principles that will form the basis of the Medium-Term Financial Strategy, as set out in paragraph 2.5 of the report;   3.     Approves the proposals for the refresh of the 2026-31 Medium-Term Financial Strategy and Capital Strategy, as set out in Sections 2 and 3 of the report;   4.     Notes the requirement for the Authority to set a sustainable and balanced budget which shows how income will equal expenditure over the short and medium-term; and   5.     Approves the timetable for agreeing the 2026/27 budget and 2026-31 Medium-Term Financial Strategy.