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Decision details

Financial Strategy 2019/20 to 2023/24

Decision Maker: Executive

Decision status: Decision Made

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report presents the Financial Strategy, including detailed revenue budget proposals.


Members will be asked to recommend the proposals to full council.

Decision:

Resolved:  (i)      That the average rent decrease of 1% to be applied to all ‘social housing rents’ for 2019/20 be approved, as required by legislation and as shown in table 16 at paragraph 169 of the report and described in paragraph 168.

 

                   (ii)      That the average rent increase of 3.4% to be applied to all rents which fall outside the definition of ‘social housing rents’ for 2019/20, with the exception of a 2.7% increase on the Gypsy, Roma and Traveller Community site rents, be approved, as described in paragraphs 170 and 172.

 

Reason:     To ensure the ongoing financial stability of the HRA and allow work on improving the quality of the council’s affordable housing to continue.

Report author: Sarah Kirby

Publication date: 15/02/2019

Date of decision: 14/02/2019

Decided at meeting: 14/02/2019 - Executive

Effective from: 19/02/2019

Accompanying Documents:

 

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