Issue - decisions
Financial Strategy 2022/23 to 2026/27
08/02/2022 - Financial Strategy 2022/23 to 2026/27
Resolved: (i) That the charge of a 300% premium on Council Tax for properties empty for over 10 years, as described in paragraph 130 of the report, be approved.
(ii) That approval be given to apply the average rent increase of 4.1%, based on national formulas linked to RPI and CPI, to all rents for 2022/23, with the exception of shared ownership tenants, as described in paragraphs 188 and 190.
(iii) That approval be given to apply the average rent increase of 5.4%, based on national formulas linked to RPI and CPI, to shared ownership tenants that have held an equity share in their property for more than 12 months as at 1 April 2022, on the portion of the property owned by City of York Council, as described in paragraph 191.
Reason: To ensure the ongoing financial stability of the HRA and allow work to continue on improving the quality of the council’s affordable housing.