Agenda item

To consider a report of the Director of Corporate Operations regarding proposals for the revenue budget and precept for 2023/24, and an update on the financial position for 2022/23.

Cabinet considered a report of the Director of Corporate Operations regarding proposals for the revenue budget and precept for 2023/24, and an update on the financial position for 2022/23.

The Chairman noted that the financial outlook was challenging with growth and inflation pressures at unprecedented levels.  He was encouraged that Government had listened and responded positively to the joint letter from Hampshire and Kent County Council and the additional funding was welcomed.  The County Council continued to deliver services to its most vulnerable residents as well as universal services for all and the sound financial management of the County Council meant it was in a stronger position than many others.  An increase in Council tax of 4.99% was recommended and although Cabinet was mindful of the impact on households there was no choice but to make the increase, which was below the overall rate of inflation, as set out in the report.

Cabinet noted the growth in social care and children’s safeguarding and the pioneering work around early intervention to enable better outcomes for vulnerable people.  It was noted the pioneering work was only possible if there was sufficient funds from Government for investment.

The recommendations in the report were considered and agreed. A decision record is attached to these minutes.