Decision details

RESOLVED to:

1)    Note the risks with regards to current year budget reduction measures, the persistent overspends and the uncertainty of future government funding; and the potential for this to impact negatively on the forecast balanced budget position for 2025/26;

2)    Agree the 2025/26 to 2028/29 Medium Term Financial Strategy (MTFS) and outline approach being taken to identify £20m of budget reduction proposals required to meet the remaining estimated budget gap over the next four years;

3)    Agree the 2024/25 Climate Budget for the Council and to note that the 2025/26 Budget will come forward as part of the budget setting process in February 2025; and

4)    Agree the Council’s Productivity Plan appended to this report which is required to be submitted to the Department for Levelling Up, Housing and by the 19 July 2024.