Decision details

Medium Term Financial Strategy 2023/24 to 2026/27 Proposals for Consultation.

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No


a)    That the proposed Medium Term Financial Strategy, including the 2023/24 revenue budget and capital programme, be approved for consultation and referred to the Overview and Scrutiny Committees and the Scrutiny Commission for consideration;


b)    That the Director of Corporate Resources, following consultation with the Cabinet Lead Member for Resources, be authorised to -


i.               agree a response to the draft Local Government Finance Settlement;


ii.              decide on the appropriate course of action with regard to the Leicester and Leicestershire Business Rates Pool in 2023/24 and subject to agreement by all member authorities, to implement this;


c)    That each Chief Officer in consultation with the Director of Corporate Resources and following consultation with the relevant Lead Member(s), undertake preparatory work as considered appropriate to develop the savings set out in the draft MTFS, including preparing for consultation, to enable the Cabinet and Council to consider further those savings to be taken forward as part of the MTFS and implemented in a timely manner;


d)    That a further report be submitted to the Cabinet on 10 February 2023.






To enable the Council to meet its statutory requirements with respect to setting a balanced budget and Council Tax precept for 2023/24 and to provide a basis for the planning of services over the next four years.


To ensure that the Council’s views on the Local Government Finance Settlement are made known to the Government.


To enable the Council (alongside the pooling partners) to respond to the Department for Levelling Up, Housing and Communities in respect of the Business Rates Pool within 28 days from the draft Local Government Finance Settlement.


To enable early work to be undertaken on the development of new savings to address the worsening financial position.


To consider feedback from consultation on the draft MTFS and the views of the Overview and Scrutiny bodies and the final recommendations to be made to the Council.

Report author: Director of Corporate Resources

Publication date: 16/12/2022

Date of decision: 16/12/2022

Decided at meeting: 16/12/2022 - Cabinet

Accompanying Documents: