Decision details

The Cabinet will be presented with an update report on the budget setting process for 2020/21 and beyond and asked to consider appropriate proposals that would assist the Council in setting a balanced budget.

Cabinet resolved to:

(i)  Note the continued commitment to delivering the savings proposed in the MTFS reports approved by Assembly in February 2017 and updated in subsequent years;

(ii)  Agree the proposed consultation process for the budget, as set out in section 9 of the report;

(iii)  Agree to consult the residents and taxpayers of the borough on the levying of a 2% General Council tax increase and a 2% Social Care Precept to support the Borough’s most vulnerable residents; 

(iv)  Note that London authorities are currently exploring the possibility of a further business rates pooling arrangement and approve, in principle, that the Council should join such an arrangement if deemed appropriate; and

(v)  Delegate authority to the Chief Operating Officer, in consultation with the Cabinet Member for Finance, Performance and Core Services, to enter into the Memorandum of Understanding for any future London pooling arrangements.