Agenda item

Final Revenue Budget 2024/25 and Medium Term Financial Strategy to 2026/27

Recommendation II:

Cabinet

 

(15 February 2024)

 

Minutes:

Upon the meeting moving to the vote on the substantive Recommendation it was carried.  The voting was as follows:

 

In Favour of the Recommendation:  His Worshipful the Mayor Councillor Ramji Chauhan, David Ashton, Marilyn Ashton, Christopher Baxter, June Baxter, Benjamin, Bharadia, Blackman, Chowdhury, Goodwin-Freeman, Greek, Halai, Hirani, Idaikkadar, Jogia, Karia, Kumaran, Lammiman, Mithani, Moshenson, Mote, Osborn, Mina Parmar, Anjana Patel, Pritesh Patel, Rabadia, Sumaria, Teli and Wagman.

 

Against the Recommendation:  Councillors Ali, Anderson, Assad, Brown, Dolor, Gilligan, Graham Henson, Maxine Henson, Hickman, Hussain, Kalu, Kulig, Miles, O’Dell, Parekh, Varsha Parmar, Perry, Proctor, Shah-Levy, Krishna Suresh, Sasi Suresh and Weiss.

 

Absent:  Councillors Shahania Choudhury, Susan Hall, Rekha Shah and Norman Stevenson.

 

RESOLVED:  That

 

(1)            being mindful of the consultation responses and the tabled comments from the Overview and Scrutiny Committee,the 2024/25 budget be approved to enable the Council Tax for 2024/25 to be set;

 

(2)            the Model Council Tax Resolution 2024/25, as set out in Appendix 11 of the officer report, be approved;

 

(3)            in accordance with Section 38 (2) of the Local Government Finance Act 1992, the Managing Director be instructed to place a notice in the local press of the amounts set under recommendation 2 above within a period of 21 days following the Council’s decision;

 

(4)            the new council tax premium for empty furnished properties (under section 11C of the Local Government Finance Act 1992) at a premium of 100% from 1 April 2025 (Paragraphs 1.21-1.24 of the officer report) be applied;

 

(5)            the Medium-Term Financial Strategy, as set out in Appendix 2 of the officer report, be approved;

 

(6)            the 2024/25 Annual Pay Policy Statement, as set out in Appendix 12 of the officer report, be approved;

 

(7)            the Capital Receipts Flexibility Strategy, as set out in Appendix 13 of the officer report, be approved.

Supporting documents: