Decision details

Received a report, in accordance with the Council’s Constitution, seeking approval for the Revenue Budget and setting of Council Tax, prior to submission to the Assembly for its consideration.

Agreed, to recommend the Assembly to agree:

1.  The budget, as set out at Appendices A to H of the report;

2.  A Council Tax increase of 5.67% (split London Borough of Barking and Dagenham 3.49% and the Greater London Authority precept including the Olympic and Paralympic games levy of 13.35%), as set out at Appendix I of the report;

3.  The three year planning figures arising from this budget proposal indicated at Annex D of the report within the Medium Term Financial Strategy;

4.  The Medium Term Financial Strategy to assist the Council in future decision making on the budget and that it is continued to be reviewed on an annual basis;

5.  The position on reserves as set out in paragraph 2.4 of the report;

6.  To note the continuing need to identify relevant efficiency gains throughout the organisation of up to £12.3m over a 3 year period to meet the required Government targets and produce an Annual Efficiency Statement (paragraph 8 of the report); and

7.  Delegate to the Chief Executive the responsibility to allocate initial savings targets across all services for the 2007/08 budget process to commence in April 2006.