Issue - meetings

Revenue And Capital Budget And Proposed Council Tax Levels For 2022/23

Meeting: 28/02/2022 - City Council (Item 40)

40 Revenue And Capital Budget And Proposed Council Tax Levels For 2022/23 pdf icon PDF 2 MB

Additional documents:

Minutes:

Councillor Kelly, Leader, advised Members of an alteration to appendix 9 to the report relating to the council tax for the forthcoming year as follows:

 

“The budget papers published for this meeting of Full Council 28 February 2022 set out estimated revenue resources from Business Rates and assumed modelling of Council Tax to reflect a rise of 1.99% for council tax in 2022/23 and 1.00% for the Adult Social Care precept.

 

The Leader proposes an amendment to Recommendation 2 of the Revenue and Capital Budget 2022/23 report:

 

2.  To approve an increase to the council tax levels for 2022/23 by one point seven four percent (1.74%)

2a. To approve an increase to the Adult Social Care precept for 2022/23 by one percent (1.00%)

 

The result from this amendment is:

 

  1. An increase in overall revenue resources of £3.345m comprising an increase of £2.124m for Council Tax and £1.221m for the Adult Social Care precept.
  2. Final total resources for 2022/23 of £199.874m comprising Council Tax of £125.411m; Business Rates £65.130m; Revenue Support Grant £10.045m.
  3. Reduce the 2022/23 general contingency by £0.305m.
  4. A total net revenue budget for 2022/23 of £199.874m.

 

Members agreed to adjourn for 30 minutes to consider the amendment.

 

Councillor Kelly, Leader, introduced the Revenue and Capital Budget and Proposed Council Tax Levels for 2022/23 report as amended, this was seconded by Councillor Nicholson, Deputy Leader. 

 

Councillor Evans OBE (Leader of the Opposition) spoke to the motion and proposed an amendment, this was seconded by Councillor Lowry, and was as follows:

 

Labour Amendment to the Leader’s Recommendation 2:

Revenue Resources and Council Tax 2022/23 and Recommendation 3 to approve the Capital Budget

 

The budget papers published for this meeting of Full Council 28 February 2022 including the Leader’s Alteration set out estimated revenue resources from Business Rates and assumed modelling of Council Tax to reflect a rise of 1.00% for the Adult Social Care precept and 1.74% for council tax in 2022/23.

 

The Leader of the Labour Group proposes an amendment to Recommendation 2 of the Revenue and Capital Budget 2022/23 report:

 

2.  To approve a Council Tax freeze at the 2021/22 levels for 2022/23 (0% increase)

To note: This is in addition to the 1% Adult Social Care Precept as set out in the Leader’s Alteration

 

The result from this amendment is:

 

  1. Final total resources for 2022/23 of £197.750m comprising Council Tax of £122.575m; Business Rates £65.130m; Revenue Support Grant £10.045m.
  2. A total net revenue budget for 2022/23 of £197.750m.
  3. We propose to fund the resultant budget shortfall of £2.124m:

 

 

Item

£m

4.1

Re-phasing the proposed Capital Budget will see re-timing of investments to ensure the interest rate charges will reflect the approval of the subsequent Business Cases by the Leader of the Council 

0.544

4.2

Working Balance Top Up to move to a target 5% value – a contribution holiday for 2022/23 only; contributions will continue again in 2023/24

0.350

4.3

Decisions of the Incoming Administration - delete the allocation

0.300

4.4

Cost reduction target

This amendment proposes  ...  view the full minutes text for item 40