Issue - meetings

To consider a joint report of the Leader of the of the Council and Cabinet Member for Finance & Resources.

Within this report we outline our strategic approach in responding to the review of the medium-term financial plan. Whilst Stockport Borough continues to present opportunities for further enhancing the lives of our residents, we are also in a period of unprecedented uncertainty, linked to volatility in things like energy prices, and additional risk created by national and global issues which are totally unpredictable. Our collective focus is on actions which deliver outcomes to support and enhance our communities and businesses across Stockport. In this context it is even more important to have a resilient and robust budget.

This report outlines the budget options being considered by the Cabinet to address financial and demand challenges, enable longer term transformation, and ensure the delivery of shared strategic partnership ambitions

The Cabinet is recommended to:-

(1) Note the approach and endorse the next steps, including agreeing to share with scrutiny, for comment, the proposals which support a resilient and sustainable MTFP; and

(2) Support the ongoing development of our council vision, MTFP response and transformation programme.

Officer contact: Holly Rae on 07800 617 550 or email: holly.rae@stockport.gov.uk

The Cabinet Member for Finance & Resources (Councillor Malcolm Allan) submitted a report (copies of which had been circulated) outlining the budget options being considered by the Cabinet to address financial and demand challenges, enable longer term transformation, and ensure the delivery of shared strategic partnership ambitions.

RESOLVED – That in relation to the Cabinet response to the Medium Term Financial Plan, the Cabinet has:-

(1) Noted the approach and endorsed the next steps, including agreeing to share with scrutiny, for comment, the proposals which support a resilient and sustainable MTFP; and

(2) Supported the ongoing development of our council vision, MTFP response and transformation programme.