Issue - meetings

The Head of Finance introduced the report, which had been prepared in the context of the continued impact of the Covid-19 pandemic and the proposed re-prioritisation of the Strategic Plan objectives as reported to the Policy and Resources Committee in July 2020.

The Committee were informed that Council Tax charge would likely increase by 2% and that the same level of income would be retained under the business rates retention scheme as in the previous year. The cost of borrowing for the capital programme would be reduced to around 1%, providing that the Council was not investing solely for yield.

The results of the residents’ survey were highlighted, with the two most important services identified as waste collection and parks and open spaces. The proportion of residents that believed the Council’s services represented value for money remained similar to previous years. Further detailed budget proposals to be brought to each committee in January 2021. 

The Committee expressed that further comments would be provided once the details proposed had been received.

RESOLVED:  That the Medium-Term Financial Strategy be noted and the Committee’s comments be taken into account.