Issue details

Revenue and Capital Budget 2025/2026

 

 

To approve the Council’s Revenue Budget and Capital Plan Budget for 2025/2026 including the setting of fees and charges for Council services and Capital Strategy.

There are currently a number of unknown elements in respect of Government’s financial settlement including the implications of the Autumn Budget expected end October 2024 and the Government’s local government finance settlement due to be announced in December 2024. The Cabinet will launch its draft budget for six weeks consultation at its Cabinet meeting on 26 November 2024, with the final recommendations being considered by Cabinet and Council in February 2025. As the budget proposals will not be submitted before 8 February 2025, Standing Orders F2.7 to 2.11 will not apply (whereby the Council provides any objections to the Cabinet to review before determining the budget).

Decision type: Key

Reason Key: Revenue Budget variation +£250,000;

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 25/10/2024

Decision due: 26 Nov 2024 by Cabinet

Decision due: 18 Feb 2025 by Cabinet

Decision due: 27 Feb 2025 by Council

Lead member: Cabinet Member for Housing and Finance

Lead director: Director of Finance

Contact: Malcolm Coe Email: Malcolm.Coe@torbay.gov.uk.

Consultation process

Reports in relation to the final Revenue Budget will be circulated to the Council’s key stakeholders (in accordance with statute).

The Cabinet will set out draft budget proposals for consultation.

The Leader of the Council will request Cabinet Members and officers to outline the implications for the budget proposals. The Overview and Scrutiny Board and stakeholders will respond to these proposals. The Cabinet will consider these comments before proposing a final budget (including proposals for service change, income generation and efficiencies) which will form part of the Revenue Budget which will be presented to Council in February 2025.

Consultees

Overview and Scrutiny Board, Council and key stakeholders

If you want to make representations contact:: Malcolm Coe, Director of Finance, Torbay Council, Town Hall, Castle Circus, Torquay, TQ1 3DR, email malcolm.coe@torbay.gov.uk

 

Contact Governance Support

About the council