Decision details

RESOLVED:

That District Executive:-

a.

recommend that Full Council approves the Net Revenue Budget for 2019/20 of £16,197,800, as set out in the Revenue Account Summary (paragraph 46) and in detail in Appendix A for the District Executive and four Area Committees, subject to any final amendments;

b.

recommend to Full Council a 2019/20 Council tax annual increase of 2.85%, increasing the annual Band D rate by £4.63 to £167.11. Full Council to note this new annual rate comprises £165.26 for SSDC services, raising £9,959,571, and £1.85 on behalf of the Somerset Rivers Authority, raising £111,492;

c.

recommends to Full Council the reprioritisation of £2.5m from the MTFP support fund to Regeneration as detailed in paragraph 43;

recommends that Full Council approves the additions to the Capital Programme for new capital bids of £1.7395m as shown in Appendix D.

Reason:

To set out the Draft Budget and proposed council tax for 2019/20 to enable Executive to recommend proposals to Full Council for approval. The report is based on the Medium Term Financial Plan (Revenue Budgets for 2019/20 to 2023/24) and also includes proposed additions to the Capital Programme.