103 Medium Term Financial Strategy PDF 146 KB
Additional documents:
Minutes:
The Head of Finance introduced
the report for the Committee’s consideration and comment. It
was highlighted that the Strategic Plan was still considered to be
relevant, although emerging priorities had been identified
including the Town Centre Strategy and the proposals for 1000
additional affordable homes. Key assumptions included a council tax
increase of 2% and inflation of 2%, with some higher inflation
assumptions for items such as energy costs. A further
£500,000 had been allocated to cover any unforeseen pressures
caused by high inflation.
The Committee considered the
importance of providing premises for local businesses, particularly
small industrial or commercial premises where a shortage currently
existed.
RESOLVED: That the report be noted and the Committee request that the
capital programme contains sufficient scope to speculatively bring
forward employment property such as b2 and b8 classifications in
support of the Economic Development Strategy.