Decision details

Having considered an officer report and a presentation by the Cabinet

Member for Resources, Councillor Kevin Bonavia, the Mayor agreed that:

(1) Council be recommended to agree a Band D Council Tax for 2018/19 of

£1,203.87 for the Council’s element. This is an increase of 3.99% (including a

social care precept of 1%), based on a General Fund Budget Requirement of

£241.281m for 2018/19;

(2) Council be asked to note an overall increase in the total Council Tax for

2018/19 of 4.20% to include the Greater London Authority (GLA) precept

being increased by £14.21 to £294.23 (Band D equivalent), a 5.1% increase

from its 2017/18 level as proposed;

(3) Council be recommended to agree on 21 February 2018, the statutory

calculation of the Budget Requirement for Lewisham for 2018/19, attached at

Appendix A;

(4) Council be recommended to agree on 21 February 2018, the motion on

the budget, attached at Appendix B, including any modifications made to the

proposals published in the 2018/19 Budget Report;

(5) the provisional and estimated precept and levies from the GLA and other

bodies be noted as detailed in Appendix C and authority be delegated to the

Executive Director for Resources and Regeneration to include any changes to

these in the report for Council;

(6) the final settlement figure for 2018/19 as announced on 6 February and

confirmed as £128,470,080.64, be noted;

(7) there were no responses from Business Rate payers to the consultation on

the draft Budget which took place from 16 January 2018 to 5 February 2018;

(8) the Section 25 Statement from the Chief Financial Officer be received as

attached at Appendix D;

(9) an amendment to the ‘Resources available to finance future schemes’

paragraphs under the Capital Programme Section, attached at Appendix E,

be noted.