Decision details

Medium Term Financial Strategy 2024-2027 Quarter 2 Update - NOV23/CAB/59

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


To provide an update on the financial assumptions in Quarter 2 and note the updated disposal plan.




1. Noted the revised financial assumptions included within this Medium-Term Financial Strategy 2024-2027 Quarter two update, as outlined within Appendix A of the report.


2. Noted the update from the budget simulator.


3. Agreed to the updated disposal plan included within Appendix C of this report.

Reasons for the decision:

This report provides an update on the Council’s Medium Term Financial Strategy and will support the delivery of the Council setting a lawful and balanced budget for 2024/25.


The budget simulator feedback from 342 people shows the priorities for those people. Broadly it is to protect:

· Education and children’s social care services

· Cleansing, waste and recycling

· Transport and roads

· Community safety and neighbourhood services

And to increase Council Tax by a further 2.42% on top of the 4.99% already built in. Council will need to agree how to build the feedback into the final budget proposal for 2024/25.

Alternative options considered:

No alternative option have been considered.

Interests and Nature of Interests Declared:

There were none.

Background Documents:

There were none.

Publication date: 14/11/2023

Date of decision: 13/11/2023

Accompanying Documents: