Issue - decisions

Medium Term Financial Strategy 2021/22 - 2023/24

25/01/2021 - Medium Term Financial Strategy 2021/22 - 2023/24

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.