Decision details

Purpose of Report: To present the Financial Strategy, including detailed revenue budget proposals.

The Executive are asked to recommend the proposals to full Council.

Resolved:  (i)      That the revocation of the 2020/21 North and West Yorkshire 50% retention business rates pool on 31 March 2021 be noted, and that City of York Council’s membership of the 2021/22 Leeds City Region 50% business rates pool from 1 April, as outlined in paragraph 106 of the report, be agreed.

Reason:     To confirm membership of the Leeds City Region 50% business rates pool for 2021/22.

                   (ii)      That the average rent increase of 1.5%, based on national formulas linked to RPI and CPI, be approved to apply to all rents for 2021/22, with the exception of Gypsy, Roma and Traveller Community site rents, to which a 1.2% increase shall apply as described in paragraphs 152 and 154.

Reason:     To ensure that a legally balanced budget is set.