Decision Maker: Mid Suffolk Cabinet, Babergh Cabinet
Is Key decision?: No
Is subject to call in?: Yes
BCa/18/62 - GENERAL FUnD BUDGET 2019/20 AND FOUR YEAR OUTLOOK
It was RESOLVED:-
That Cabinet recommends to Council:-
1.1 That the General Fund Budget proposals for 2019/20 and four year outlook set out in the report be endorsed for recommendation to Council on 19 February 2019.
1.2 That the General Fund Budget for 2019/20 is based on an increase to Council Tax of £5 per annum (10p per week) for a Band D property, which is equivalent to 3.15%, to support the Council’s overall financial position.
1.3 That a further £25m be invested in CIFCO as set out in paragraph 8.20 of the report.
1.4 That a discretionary Care Leavers Council Tax discount of up to 100% be introduced from the 1 April 2019 as set out in section 11 of the report.
1.5 That the second empty property premium is increased as per the regulations set out in paragraph 12.9 of the report.
Reason for Decision: To bring together all the relevant information to enable Cabinet Members to review, consider and comment
Alternative Options Considered and Rejected:
The General Fund Budget for 2019/20 and four-year outlook is an essential element in achieving a balanced budget and sustainable medium-term position. Setting a balanced budget for the coming year is a statutory requirement, therefore no other options are appropriate in respect of this.
Any Dispensation Granted: None
Publication date: 08/02/2019
Date of decision: 06/02/2019
Decided at meeting: 06/02/2019 - Babergh Cabinet
Effective from: 16/02/2019