Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
RESOLVED that Cabinet recommended to Full Council that:
A The Medium Term Financial Strategy for 2021/22 to 2023/24 (attached as appendix B to the report) is adopted.
B The planned Council Tax increase of 1.99 per cent for 2021/22 as set out in the Medium Term Financial Plan be approved.
C That an initial £155,000 is earmarked from the Governments 2021/22 Covid support funding to provide additional council tax hardship support and that up to £300,000 in total is made available should it be required in 2021/22.
D That a new Budget Stabilisation Fund is created as set out in this report totalling £1.363 million by utilising £1 million of the existing Severance Reserve and the balance of the 2021/22 Covid-19 funding provided by the Government.
E That the New Homes Bonus for 2021/22 totalling £1.079 million is contributed in full to the Discretionary Services Fund.
Report author: Simon Freeman
Publication date: 25/01/2021
Date of decision: 21/01/2021
Decided at meeting: 21/01/2021 - Cabinet