Decision details
Medium Term Financial Strategy and Budget 2025/26
Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
To provide an update on the Council’s
revenue budget position for the 2025/26 financial year in advance
of the receipt of the Welsh Local Government Provisional Settlement
on 11 December.
Decision:
(a) That the revised additional budget requirement for the 2025/26 financial year be noted and received;
(b) That the progress made to identify solutions to bridge the budget gap be noted, and the remaining options available to set a legal and balanced budget once the provisional settlement was confirmed also be noted;
(c) That the uplift set out in the Provisional Local Government Finance Settlement be noted and welcomed; and
(d) That a letter be sent to the Welsh and UK Governments setting out the Council’s concern that a resolution to the Local Government Employers National Insurance contribution issue cannot be left until the spring and must be resolved before Local Authority budgets in Wales are set.
Report author: Gary Ferguson
Publication date: 18/12/2024
Date of decision: 17/12/2024
Decided at meeting: 17/12/2024 - Cabinet
Accompanying Documents:
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