Decision details

Housing Revenue Account (HRA) Budget and Rent Levels for 2022/23

Decision Maker: Council Meeting

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

The purpose of this report is to provide the Scrutiny Committee with the opportunity to comment on an illustrative Housing Revenue Account (HRA) Budget. The Cabinet will be meeting on 1 February to recommend to Council a HRA budget for 2022/23, including the level of rent and service charges. The illustrative budget is based on a number of key assumptions set out in the report regarding income from rent and service charges; expenditure commitments contained within the HRA 30 year Business Plan and Asset Management Strategy and indicative spending requirements to support inflationary pressures and identified investment priorities.

Decision:

The Council Meeting approved:-

 

a) An increase of 4.1% for social rent;

b) An increase of 5.4% for rent of shared ownership properties;

c) Service charge increases as outlined in section 3;

d) The Housing Revenue Account Budget for 2022/23 as set out in

Appendix 1 to the report.

Alternative options considered:

None.

Interests and Nature of Interests Declared:

Councillor Matt Wynne declared a personal and prejudicial interest as the owner of a shared ownership home with Stockport Homes.

 

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: Affects 2 or more wards;

Wards Affected: (All Wards);

Equality and/or Environmental Impact Assessment: n/a

Decision Reference: CMD209

Declarations or conflicts of Interest: Councillor Matt Wynne declared a personal and prejudicial interest as the owner of a shared ownership home with Stockport Homes. 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: SS27

Other reasons / organisations consulted

A customer consultation will take place

Contact: Andy Kippax, Services to Place Email: andy.kippax@stockport.gov.uk Tel: 0161 474 4319 Jonathan Davies, Corporate and Support Services Email: jonathan.davies@stockport.gov.uk Tel: 218 1025.

Report author: Jonathan Davies

Publication date: 04/03/2022

Date of decision: 24/02/2022

Decided at meeting: 24/02/2022 - Council Meeting

Accompanying Documents: