This report seeks final confirmation of the recommendations to be made to Council, on 25 February 2022, in respect of the revenue budget, capital programme and council tax for 2022/23.
On 10 January 2022, the Executive reviewed the Council’s overall finance strategy and considered proposals relating to the revenue budgets and the council tax for 2022/23. This report updates the Council’s budgets to reflect the decisions taken and other known changes since 10 January 2022.
The capital programme for the years 2021/22 to 2025/26 will be £44,990,900.
The revenue budget for 2022/23 will be £10,788,000. With retained business rates and grants estimated to be £3,117,262 and a payment to the collection fund of £39,398, the total amount due from the Council taxpayers will be £7,710,136.
Taking these changes into consideration, the council tax for 2022/23 will be £175.22 per band D property. This represents an increase of £5 per year from the council tax set for 2021/22 but would be within the referendum limit set by the Government.
Decision type: Key
Decision status: Recommendations Approved
Notice of proposed decision first published: 07/01/2022
Decision due: 7 Feb 2022 by Executive
Lead member: Executive Member for Policy & Resources
Lead director: Deputy Chief Executive Officer
Contact: Neil Wood Email: email@example.com.
Background Papers: None