Decision details

It was RESOLVED that Cabinet RECOMMENDS to Council that it: 

a)                   adopts the budget setting report and associated financial strategies 2023/24 to 2027/28, as set out in the Annex to the report;

b)                   adopts the Capital Programme as set out in Appendix 3 of the Annex;

c)                   adopts the Capital and Investment Strategy at Appendix 4 of the Annex;

d)                   adopts the Council Tax Support Scheme at Appendix 6 of the Annex;

e)                   approves that the period for applying the Empty Homes Premium is reduced from 24 months to 12 months (as stated at Section 3.4 of the Annex) to help incentivise housing use within the Borough;

f)                     sets Rushcliffe’s 2023/24 Council Tax for a Band D property at £153.95 (increase from 2022/23 of £3.02 or 2%);

g)                   approves the Council Tax Support Fund (CTSF) to support economically vulnerable households with up to a £25 reduction in their Council Tax bills;

h)                   linked to the CTSF, approves further funding from RBC of around £30k to ensure anyone in Bands A to D Council Tax are given a discount, effectively resulting in no person up to a Band D paying an increase in the Rushcliffe element of Council Tax;

i)                     sets the Special Expenses for West Bridgford, Ruddington and Keyworth, Appendix 1 of the Annex, resulting in the following Band D Council Tax levels for the Special Expense Areas:

i)   West Bridgford £55.95 (£53.91 in 2022/23);

ii)   Keyworth £4.38 (£3.30 in 2022/23);

iii)   Ruddington £3.68 (£3.82 in 2022/23);

j)                     adopts the Pay Policy Statement at Appendix 7 of the Annex; and

k)                   delegates authority to the Director – Finance and Corporate Services to make any minor amendments to the Medium Term Financial Strategy once the final local government finance settlement is received and advise the Finance Portfolio Holder accordingly, to be reported to Full Council.