Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: February 16, 2026

Purpose: Cabinet will be asked to agree that our latest medium-term financial planning, including our detailed proposed budget for 2026-27, be forwarded to the meeting on City Council on 4th March 2025. City Council will be asked to approve Council Tax for 2026-27 and Revenue and Capital Plan and endorse the basis for planning for 2026-27 to 2028-29.

Content: Cabinet agreed to recommend the medium-term financial planning for 2026-27 to 2028-29 to the meeting of City Council on 4 March to:   i)  Approve the 2026-27 revenue and capital budget as set out in Medium Term Financial Plan 2026-27 to 2028-29.   ii)  Endorse the budget proposals for 2026-27 as set out in Appendix 1 – Summary of 2026-27 savings proposals.   iii)  Approve a core Council Tax increase of 2.99% and use the additional income generated to avoid the need to make further reductions to service provision.   iv)  Approve the application of governments’ 2% Council Tax precept for adult social care to fund increased investment in adult social care.