RECOMMENDED that Council approve the second homes premium and revisions to empty homes premium subject to their confirmation via the Levelling Up and Regeneration Bill.
RESOLVED that Cabinet: -
(a) endorsed the updated MTFP position as set out in paragraph 15;
(b) approved the financial strategy as referenced in paragraph 21;
(c) acknowledged the cost of living and other operating pressures likely to impact in 2022/23 and future years;
(d) acknowledged the potential mitigation strategy in respect of cost of living and 2022/23 financial pressures; and
(e) approved the timeline for key financial reports during 2022/23 as set out in appendix A.
Voting: Unanimous
Portfolio Holder: Leader of the Council
Reason
To comply with accounting codes of practice and best practice which require councils to have a rolling multi-year medium term financial plan.
To provide Cabinet with the latest high-level overview of the medium-term financial plan.
To present a proposed financial strategy to support the delivery of a balanced budget for 2022/23.