Decision details

Councillor Lunn, Lead Executive Member for Finance and Resources presented the draft revenue budget, capital programme and outline Programme for Growth for 2018/19 to 2020/21.

The Lead Executive Member for Finance and Resources explained that the budget assumed a council tax rise of £5 for a band d property which equated to around 10p a week. It was noted that the rise in the council tax base would yield an additional £200k for the authority.

The Executive were informed that no responses had been received during the consultation period and that all members had been offered a briefing on the budget by the Chief Finance Officer.

The Executive raised their disappointment that the New Homes Bonus had been reduced from six to four years and felt that the impact of internal drainage board levies needed to be more explicit.

RESOLVED:

To submit the draft budgets, bids and savings to Council for approval.

REASON FOR THE DECISION

To enable Council to consider the Executive’s spending plans for the coming 3 years and to set the Budget and Council Tax for 2018/19.