Decision details

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

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

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.