| 22/03 | RESPONSE OF THE PORTFOLIO HOLDER FOR CORPORATE AND FINANCE TO OVERVIEW AND SCRUTINY COMMITTEE (CORPORATE) RECOMMENDATIONS ON THE MEDIUM TERM FINANCIAL STRATEGY | RESPONSE OF THE PORTFOLIO HOLDER FOR CORPORATE AND FINANCE TO OVERVIEW AND SCRUTINY COMMITTEE (CORPORATE) RECOMMENDATIONS ON THE MEDIUM TERM FINANCIAL STRATEGY
The Portfolio Holder for Corporate and Finance submitted and presented responses to the recommendations agreed by the Committee to the Executive's draft Medium Term Financial Strategy for 2022/23 to 2024/25.
Members were informed that since publication of the Committee's recommendations on the Executive's draft proposals, the Government had announced its draft financial settlement for local authorities. This had resulted in the council receiving additional grant for 2022/23 as part of a one year settlement. This improved financial position for the Council had resulted in changes to initial proposals, together with a number of service investments. In particular the Committee was informed that a nil increase in the Council's element of Council Tax would be proposed.
The Committee was thanked for the work which it had undertaken as part of the process for developing the budget.
Report of Portfolio Holder for Corporate and Finance | RESOLVED - That the report be noted. |