Decision - Revenue & Capital Budget Planning and Resource Update 2019/20

RESOLVED: That the Committee –

(i)             Noted the resource and net expenditure projections for 2019/20 and the Medium Term Financial Strategy (MTFS) projections set out in the body of the report and Appendices 1 and 2 based on a 2.99% Council Tax increase.

(ii)          Noted the latest revised savings requirement of £11.559 million for 2019/20 which will be adopted for budget setting purposes as detailed at paragraph 3.51.

(iii)         Instructed the Executive Leadership Team (ELT) to refresh the current 4 Year Service & Financial Plans and develop further investment and savings proposals to address any outstanding budget gaps for 2019/20 based on the MTFS assumptions in this report for consideration by Policy, Resources & Growth Committee.

(iv)         Agreed the proposed approach to reviewing the Council Tax Reduction Scheme as set out in paragraphs 3.25 to 3.27.

(v)          Agreed to consult on reducing Council Tax Reduction minimum liability.

(vi)         Noted the resource projections for the Capital Investment Programme as shown in Appendix 3.