Decision Maker: Cabinet

Outcome: Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: December 9, 2025

Purpose: The Cabinet will be presented with a progress report on the budget setting process for 2026/27 and beyond and asked to consider appropriate proposals that would assist the Council in setting a balanced budget in future years.

Content: Cabinet resolved to:   (i)  Note the revised Budget Gap for 2026/27 of £21.8m and the projection of the future Medium Term Financial Plan position for years 2027/28 and 2030/31;   (ii)  Note the Reserve position as set out in section 7 of the report;   (iii)  Note the assumptions set out in the report underlying those forecasts as well as the financial risks and uncertainties;   (iv)  Note the current savings and growth proposals to help balance the 2026/27 budget as detailed in Appendix A to the report and agree the arrangements for public and stakeholder consultation as set out in section 8 of the report;   (v)  Agree to consult Borough residents and taxpayers on the levying of a 2.99% General Council Tax increase and a 2% Adult Social Care Precept to support the Borough’s most vulnerable residents, subject to those thresholds being confirmed by Central Government; and   (vi)  Delegate authority to the Strategic Director, Resources, in consultation with the Leader of the Council, to agree any additional savings proposals for 2026/27 for public consultation.