RESOLVED that Cabinet: -
(a) Acknowledges the ongoing progress being made to maintain a balanced budget position for 2025/26 and MTFP.
(b) Endorses the latest position regarding the developing 2025/26 Budget and MTFP position.
(c) Approve the continuation of the current Local Council Tax Support Scheme (LCTSS) into 2025/26.
(d) Request Portfolio Holders, Corporate Directors and Budget Holders bring forward the necessary additional savings, efficiencies and additional income proposals to enable the 2025/26 Budget to be balanced.
Voting: Unanimous
Portfolio Holder: Finance
Reason
To comply with accounting codes of practice and best practice which requires councils to have a rolling multi-year medium term financial plan.
To provide Cabinet with the latest high-level overview of the development of the 2025/26 Budget and 3-year medium-term financial plan with reference to the ongoing conversation with DfE, MHCLG and CIPFA regarding the difficulties presented by the accumulating DSG deficit.