URL: https://democracy.cornwall.gov.uk/ieDecisionDetails.aspx?ID=8514

Decision Maker: Cabinet, Cornwall Council

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: Report seeking approval of the Council Priorities Plan, prior to approval by Cornwall Council on 24 February 2026, alongside the Climate and Energy and Nature Recovery action plans, which set out how the Council will deliver on its climate and nature targets through delivery plans aligned to the Council Priorities Plan and budget setting process.

Content: Report seeking approval of the Council Priorities Plan, prior to approval by Cornwall Council on 24 February 2026, alongside the Climate and Energy and Nature Recovery action plans, which set out how the Council will deliver on its climate and nature targets through delivery plans aligned to the Council Priorities Plan and budget setting process. DECISION:   RESOLVED TO RECOMMEND TO COUNCIL:   That the Council Budget and Medium-Term Financial Plan proposals for 2026-2029 (Appendix 1), including the detailed budget proposals for 2026/27, are approved in order to provide the financial resources that deliver against the Council Priorities Plan with a net General Budget for 2026/27 of £890.339m to be set, and that the Cumulative Impact Assessment of these proposals (Appendix 3), together with the results of the public consultation (Appendix 4) and the comments of the Budget Development Overview and Scrutiny Committee, are acknowledged and considered.   That the Council Tax requirement for the Council’s own purposes be set at £468.800m and it be confirmed that the Cornwall Council element of the Council Tax be increased by 2.99%, plus a levy of 2% to be spent solely on Adult Social Care, for the financial year 2026/27 (an overall increase of 4.99%, equivalent to a Band D charge of £2,086.36).     That the Annual Treasury Management Strategy 2026/27, as set out in Appendix 5 to the report, be approved including:     i.  The Prudential Indicators and Treasury Indicators   ii.  The Annual Investment Strategy   iii.  The Minimum Revenue Provision Policy   That the Capital and Investment Strategy, as set out in Appendix 6 to the report, be approved.   That the revised Capital Programme, as detailed within the report, is approved.   That the Tamar Bridge & Torpoint Ferry Joint Committee 2026/27 Revenue Budget and Capital Programme and the 2026/27 draft Business Plan, as referenced in section 4, are approved.   RESOLVED:   That the Deputy Leader be authorised to adjust the recommendations to Full Council, in consultation with the Section 151 Officer, upon receipt of additional information following the Final Local Government Finance Settlement from Government or any further movement in the 2025/26 financial position, which may change some assumptions and therefore figures.   That receipt of the grants, as set out in Appendix 7 to the report, and expenditure in accordance with the terms and conditions of the grants are approved, and where the value of any Government issued service grants is different from individual grants stated in Appendix 7 that any acceptance of the movement is delegated to the Section 151 Officer, in consultation with the Deputy Leader, subject to compliance with relevant procedural requirements.      Reason for the Decision:    As contained within the report.   Alternative options considered:   None other than contained within the report.   Conflicts of interest declared:   None.   Dispensations granted in respect of a conflict of interest:   N/A  

Date of Decision: February 13, 2026