Agenda item

The Cabinet considered a report of the Corporate Director of Resources which provided an update on the development of the 2023/24 budget and the Medium Term Financial Plan (MTFP(13)) covering the period 2023/24 to 2026/27. The report also considered a review of the Local Council Tax Reduction Scheme for 2023/24 (for copy of report, see file of minutes).

Councillor Bell, Deputy Leader and Portfolio Holder for Finance informed Cabinet the Council was seeking clarity, stability and additional financial support from government.  However, the Council was obliged to plan for the worst and hope that by year end things would improve.

Councillor Hopgood. Leader of the Council informed the Cabinet that the challenges facing the Council for next year would be extraordinarily difficult to manage and re-iterated that this was not the budget but an update on the development of the budget.

Resolved:

That the recommendations in the report be approved.