Issue - meetings

Report CSD24022

The Director of Finance had circulated the following changes to the Council Tax Resolution -

“There were no changes to the final Mayoral precept accepted by the London Assembly on 22nd February 2024. 

Since the last meeting of the Executive there have been further changes on levies and the final position is shown in recommendation 2.1 (f) below.

Members are requested to note that the 2024/25 Budget includes the impact of the recommended 2024/25 pay award that is subject to Full Council approval (agenda item 7).

The above change will require the following proposed amendments to be made to the recommendations of the Executive:

Amended Recommendation (2.1)

(e)  approves a revised Central Contingency sum to reflect the allocation of the pay award, movement of levies and final local government settlement, resulting in a sum of £9,829k;

(f)  approves the following provisions for levies to include in the budget for 2024/25:

(g)  notes the final position on the GLA precept, as accepted by the London   Assembly on 22^nd February 2024; and

(h)  Sets a 2% increase in Adult Social Care Precept with a 2.99% increase in Bromley’s General Council Tax, compared with 2023/24 (2% increase in Adult Social Care Precept and 2.99% increase in Bromley’s General Council Tax) and 8.58% increase in the GLA precept.”

The recommendations as amended above were moved by Councillor Christopher Marlow and seconded by Councillor Colin Smith.

The following amendments were moved by Councillor Simon Jeal and seconded by Councillor Jeremy Adams –

“After allowing for the report from the Director of Finance the following amendments are proposed to the recommendations of the Executive set out in the Blue Book on pages 27-134. 

The following changes be made to the recommended budget for 2024/25:

Additional recommendations:

1. Council be recommended to:

(k) Approve the proposed changes to the revenue budget as detailed in Appendix 1

Subject to the approval of (k) above: 

(l) Approve the following changes to the Capital Programme (agenda item 5):

i) The addition of £3,150k for a Children’s Home, funded from the Invest to Save earmarked reserve;

ii) The addition of £3,150k for a care home for Adults, funded from the Invest to Save earmarked reserve;

iii) The addition of £123.2m for a social housing scheme on the current Civic Centre site, funded by GLA Grant (£54m), external borrowing from the Public Works Loan Board (£58m) and the Invest to Save earmarked reserve (£11.2m);

iv) To not proceed with the planned disposal of the Civic Centre site;

v) The disposal of former ‘Top Shop’ building;

vi) The drawdown of £8m from the Growth Fund earmarked reserve to cover the net impact on capital financing arising from the change in capital receipts in iv) and v) above;

  (m) The detailed proposals relating to the changes in (l) will be reported back to Executive prior to final  ...  view the full minutes text for item 51