Decision details

To consider and recommend approval of the Housing Revenue Account Budget 2025-26.

Decision:

To recommend to Council, meeting on 7 February 2024, that:

1.     the proposed HRA revenue budget for 2024/25, as set out in Appendix 1 to the report be approved.

2.     That a rent increase of 7.7%, be implemented.

3.     That the fees and charges for HRA services for 2024/25, as set out in Appendix 2 to the report, be approved.

4.     That a 5% increase be applied to garage rents which is in line with the wider Council policy on fees and charges.

Reason(s):

To enable the Council to set the rent charges for HRA property and associated fees and charges, along with authorising the necessary expenditure to implement a budget, this is consistent with the objectives outlined in the HRA Business Plan

Other options considered and rejected by the Executive:

None.

Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted:

None.