Decision - Corporate Plan & Medium Term Financial Strategy 2015 – 2019: Budget Planning and Resource Update 2016/17

1)               Note the resource and expenditure projections for 2016/17 and the Medium Term Financial Strategy (MTFS) projections set out in the bidy of the report and appendices 1 to 3.

2)               Note the revised budget gap of £25M to be used for 2016/17 budget setting purposes as detailed at paragraph 3.45.

3)               Instruct the Executive Leadership Team (ELT) to develop 4-year service & Financial Plans for 2016/147 to 2019/20 in the context of Corporate Plan principles and priorities, for consideration by Policy & Resources Committee, comprising:

·                Detailed budget proposals for 2016/17;

·                Projected medium term proposals for 2017/18 to 2019/20;

·                Proposals to be based on two Council Tax options as follows:

i)             A 1.99% increase in the Brighton & Hove element of the Council Tax, and

ii)            No increase in the Brighton & Hove element of thw Council Tax.

4)               Refer  the approach to Community Engagement & Consultation as set out in the section 5 of this report to the Neighbourhoods, Communities & Equalities Committee for further consideration.

5)               Agree the proposed approach to reviewing the Council Tax Reduction Scheme as set out in paragraphs 3.28 and 3.29

6)               Note the resource projections for the Capital Investment Programme as shown in appendix 3.