Decision details
MTFS Budget Update 2019-22
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
To inform members of changes that might impact
on the 2019/20 budget and MTFS, including the impact of Local
Government Finance Settlement 2019/20; Outcome of the 6 week Budget
consultation and Business Rates Retention 2019/20 Pilot
Decision:
DECISION
1. To note the changes to the draft budget position for 2019-2020 and over the MTFS period 2019-2022.
2. To note the illustrative modelling for the 2019-20 London Business Rates Retention Scheme.
3. To note the decisions of London Councils to participate in the 2019-20 London Business Rates Retention Scheme.
4. To note the options for Council Tax levels over the MTFS period 2019-2022.
5. To note the analysis and outcomes from the Your Borough Your Future budget consultation in Appendix A and have due regard to the issues raised in finalising its detailed budget proposals.
6. To note the additional resources required over the MTFS to cover estimated risks and uncertainties.
7. To note proposed increase to tenanted service charges by 3.4% from the first week in April 2019.
8. To note the Equalities Impact Assessment / specific equalities considerations as set out in section 4 of the report.
Action by:
ACTING CORPORATE DIRECTOR, RESOURCES (N. MURTON)
(Interim Divisional Director, Finance, Procurement and Audit)
Report author: Pam Cummins
Publication date: 21/12/2018
Date of decision: 19/12/2018
Decided at meeting: 19/12/2018 - Cabinet
Accompanying Documents:
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