URL: https://democracy.north-herts.gov.uk/ieDecisionDetails.aspx?ID=6854

Decision Maker: Cabinet

Outcome:

Is Key Decision?: No

Is Callable In?: No

Purpose:

Content: RESOLVED: That Cabinet:   (1)   Noted the Council’s expected funding for 2025/26.   (2)   Confirmed (in line with the Medium-Term Financial Strategy) that budget forecasts should be based on increasing Council Tax by 2.99% (the maximum amount allowable without a local referendum). Noting that Government have assumed Council Tax will increase by the maximum allowed in calculating Core Spending Power.   (3)   Noted that the Council may see real-term reductions in its funding in future years.   (4)   Agreed. in context of the above, which proposals (revenue and capital) should be taken forward as part of the budget-setting process for 2025/26.   REASON FOR DECISIONS: To ensure that all relevant factors are considered in arriving at a proposed budget, Investment Strategy and Council Tax level for 2025/26, to be considered by Full Council on 27 February 2025.

Date of Decision: January 14, 2025