Issue - meetings
Financial Strategy 2019/20
Meeting: 14/02/2019 - Executive (Item 109)
109 Financial Strategy 2019/20 to 2023/24 PDF 515 KB
The Director of Customer & Corporate Services to present a report which sets out the financial strategy for 2019/20 to 2023/24, including detailed revenue budget proposals for 2019/20 and asks Executive to recommend the proposals to Council for approval.
Additional documents:
- Annex 1 - 2019-20 Budget Summary, item 109 PDF 17 KB
- Annex 2 - 2019-20 Savings, item 109 PDF 30 KB
- Annex 3 - fees and charges 19-20, item 109 PDF 351 KB
- Annex 4 - HRA Budget, item 109 PDF 107 KB
- Annex 5 - HRA Savings, item 109 PDF 5 KB
- Annex 6 - HRA Business Plan, item 109 PDF 257 KB
- Annex 7 Better Decision Making Tool, item 109 PDF 229 KB
- Annex 8 - Risk Assessment, item 109 PDF 27 KB
- Annex 9 - Background Info, item 109 PDF 185 KB
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.
Minutes:
[See also under Part B]
The Director of Customer & Corporate Services presented a report which set out the financial strategy for 2019/20 to 2023/24, including detailed revenue budget proposals for 2019/20.
The budget reflected the council’s priorities, with significant revenue and capital investment in a number of critical services, including adult social care, children’s services, waste and street cleansing and libraries. The income and expenditure proposals, if approved, would result in a 3.25 % increase in the City of York element of the council tax, of which 1.5% would relate to the social care precept.
Members welcomed the investment in front line services, against a background of reduced government funding across the country, indicating that there was a need to balance the council’s ambitions against an increase in council tax that was fair to York residents. Having noted the comments made under public participation, it was
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.