Decision details
2025/26 Cabinet Revenue Budget
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Decision Maker: Council Meeting
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
The purpose of the report is to present the
proposed 2025/26 Cabinet Revenue Budget for approval. The report
outlines the Council’s financial outlook and significant
challenges across the medium term period 2025/26 to 2026/27. The
report highlights the overarching priorities and desired outcomes
upon which the Cabinet has based its budget proposals, and which
form the basis of our Borough Plan and updated Council Plan
included elsewhere on this agenda. We continue to shape our budget
within an incredibly uncertain, volatile and complex environment
which includes pressures across public services as well as the
increasing need within our communities.
Decision:
The Council Meeting has:-
(1) Approved the Budget for 2025/26 described in the report and set out in Appendix 2 and 3.
(2) Noted the risk assessment of the 2025/26 Budget at Appendix 5 and the report of the Director of Finance and Section 151 Officer on the adequacy of proposed financial reserves and robustness of the estimates also included at Appendix 5.
(3) Approved the required Council General Fund Balance to reflect the Director of Finance and Section 151 Officer’s assessment of risks.
(4) Noted and approved the financial forecasts and assumptions for 2025/26 to 2028/29 at Appendix 6, and the key issues to be addressed in formulating a response to the future financial challenges facing the council.
(5) Agreed that the appropriate Council Tax resolutions should be passed which produce a Council Tax increase of 4.99% in 2025/26 (2.99% General Increase, 2% Adult Social Care Precept increase) as illustrated in Appendix 7.
Alternative options considered:
None.
Interests and Nature of Interests Declared:
Councillor Aron Thornley declared a personal and prejudicial interest as an organisation of which he was a director was a recipient of funding from the Council.
It was noted that the Standards Committee had approved a wide dispensation to enable any member with a Disclosable Pecuniary Interest or a Personal and Prejudicial interest in any item under consideration as part of the budget setting to take part and vote at the meeting.
Reason Key: Policy Framework & Budget;
Wards Affected: (All Wards);
Equality and/or Environmental Impact Assessment: Considered as part of the report
Decision Reference: CMD247
Declarations or conflicts of Interest: Councillor Aron Thornley declared a personal and prejudicial interest as an organisation of which he was a director was a recipient of funding from the Council. It was noted that the Standards Committee had approved a wide dispensation to enable any member with a Disclosable Pecuniary Interest or a Personal and Prejudicial interest in any item under consideration as part of the budget setting to take part and vote at the meeting.
Forward Plan Reference: F&R46
Other reasons / organisations consulted
As part of the 2025/26 budget setting
process
Contact: Jonathan Davies, Corporate and Support Services Email: jonathan.davies@stockport.gov.uk Tel: 218 1025.
Report author: Jonathan Davies
Publication date: 28/02/2025
Date of decision: 27/02/2025
Decided at meeting: 27/02/2025 - Council Meeting
Accompanying Documents: