Agenda item

Approval of the Revenue and Capital Budgets, Capital Strategy, Treasury Management Strategy, Investments Strategy, General Fund Medium Term Financial Strategy and Setting the Council Tax for the financial year commencing 1 April 2026

To approve the capital and revenue budget proposals together with the Capital Strategy, Prudential Indicators, Treasury Management Strategy, Investment Strategy and the General Fund Medium Term Financial Strategy. (Members should note that, in accordance with the Local Authorities (Standing Orders) (England) (Amendment Regulations 2014, there will be a recorded vote on this item).

Minutes:

The Council debated the capital and revenue budget proposals together with the Capital Strategy, Prudential Indicators, Treasury Management Strategy, Investment Strategy and General Fund Medium Term Financial Strategy and Business Plans.

 

It was stated that there was a continuing serious economic context for local government but the Council had delivered another “no cuts to jobs and services” budget, which led the way in housing, house building and the environment. The budget would focus on a diverse programme of continued investment in Broxtowe’s town centre regeneration, council house delivery, parks and open spaces, and an exciting cultural offer, which continued to support financial sustainability, and improve the residents and tenants’ lives.

 

It was proposed by Councillor P J Owen and seconded by D D Pringle that the following amendment be made to the budget.

 

“The Council shall –

 

  • Reduce the General Fund revenue budget by £205,600 thereby resulting in a 0% increase for the Broxtowe Borough Council element of the Council Tax (a ‘tax freeze’).
  • The cost of the tax freeze be funded by an increase in the Council’s employee savings target from the proposed £800k to up to £1.0m with the remaining shortfall being met by an additional withdrawal from General Fund Reserve balances.

 

The Council is therefore asked to RESOLVE that:

 

  • Resolution 1 bullet point 2 be amended to read ‘The General Fund revenue budgets as submitted be reduced by £200,000 to allow for the additional employee savings target.”
  • Resolution 1 bullet point 4 be amended to read ‘The Council Tax Requirement for 2026/27, including special expenses (but excluding local precepting requirements), be £7,010,792.
  • Resolution 1 bullet point 5 be amended to read ‘An amount of £765,934 be withdrawn from the General Fund reserves and an amount of £439,883 be taken from General Fund earmarked reserves in 2026/27.’
  • The figures provided in resolutions 2, 3, 4 and 5 be amended accordingly to reflect the reduction in the Broxtowe Borough Council basic Council Tax amount for a band D property from £198.61 to £192.93.”

 

The debate on the amendment was had. On being put to the meeting the motion was defeated. The vote was recorded and the voting was as follows:

 

For

Against

Abstain

L A Ball BEM

D Bagshaw

M Brown

P Bales

 

J M Owen

R Bullock

P J Owen

G Bunn

D D Pringle

S L Camplin

A W G A Stockwell

C Carr

S J Carr

 

A Cooper

 

T A Cullen

 

S Dannheimer

 

H J Faccio

 

K A Harlow

 

S P Jeremiah

 

A Kingdon

 

 

H Land

 

 

D L MacRae

 

 

R D MacRae

 

 

T J Marsh

 

 

G Marshall

 

 

J W McGrath

 

 

W Mee

 

 

S Paterson

 

 

M Radulovic MBE

 

 

H E Skinner

 

 

P A Smith

 

 

V C Smith

 

 

C M Tideswell

 

 

D K Watts

 

 

S Webb

 

 

E Williamson

 

 

E Winfield

 

 

K Woodhead

 

 

The debate progressed on to the original motion.  It was noted that the proposed budget included the work on Bramcote Leisure Centre. There were concerns about flooding, Local Government Reorganisation and the Housing Regulator’s report. There were also measures to reduce anti-social behaviour through the budget process.

 

In accordance with the Local Authorities (Standing Orders) (England) (Amendment) Regulations 2014, a recorded vote was required. The voting was as follows:

 

For

Against

Abstain

D Bagshaw

 

L A Ball BEM

P Bales

 

M Brown

R Bullock

 

A Kingdon

G Bunn

 

H Land

S L Camplin

 

J M Owen

C Carr

 

P J Owen

S J Carr

 

D D Pringle

A Cooper

 

A W G A Stockwell

T A Cullen

D K Watts

S Dannheimer

 

 

H J Faccio

 

 

K A Harlow

 

 

S P Jeremiah

 

 

D L MacRae

 

 

R D MacRae

 

 

T J Marsh

 

 

G Marshall

 

 

J W McGrath

 

 

W Mee

 

 

S Paterson

 

 

M Radulovic MBE

 

 

H E Skinner

 

 

P A Smith

 

 

V C Smith

 

 

C M Tideswell

 

 

S Webb

 

 

E Williamson

 

 

E Winfield

 

 

K Woodhead

 

 

 

RESOLVED that:

1.               The recommendations arising from the Cabinet meeting of 3 February 2026, as set out below, be approved and adopted.

 

·       The Housing Revenue Account budget as submitted be approved.

 

·       The General Fund revenue budgets as submitted be approved.

 

·       The capital submissions and priorities within them be approved and the Interim Deputy Chief Executive and Section 151 Officer be authorised to arrange the financing of the Capital Programme as necessary.

 

·       The Council Tax Requirement for 2026/27, including special expenses (but excluding local precepting requirements), be £7,216,416.

 

·       An amount of £760,309 be withdrawn from the General Fund reserves and an amount of £439,883 be taken from General Fund earmarked reserves in 2026/27.

 

·       The Capital Strategy 2026/27 to 2028/29 be approved.

 

·       The Minimum Revenue Provision policy as set out be approved.

 

·       The Treasury Management Strategy Statement 2026/27 to 2028/29 be approved.

 

·       The Investments Strategy 2026/27 to 2028/29 be approved.

 

·       The General Fund Medium Term Financial Strategy to 2029/30 be approved.

 

2.               It be noted that Cabinet, at its meeting on 27 November 2025, approved the following amounts for the year 2026/27 in accordance with the Local Authorities (Calculation of Council Tax Base) (England) Regulations 2012:

 

(a)           36,201.43 being the amount calculated by the Council, in accordance with regulation 3 of the Local Authorities (Calculation of Council Tax Base) (England) Regulations 2012, as its council tax base for the year.

 

(b)           Part of the Council's area

Parish of Awsworth                             629.28

Parish of Brinsley                                786.40

Parish of Cossall                                 237.99

Parish of Eastwood                             3,183.61

Parish of Greasley                               3,807.97

Parish of Kimberley                             1,918.98

Parish of Nuthall                                  2,284.63

Parish of Stapleford                            4,378.60

Parish of Trowell                                 849.81

Beeston Special Expense Area           17,947.93

 

being the amounts calculated by the Council, in accordance with regulation 6 of the Regulations as the amounts of its Council Tax Base for the year for dwellings in those parts of its area to which one or more special items relate.

 

The amount calculated for dwellings in those parts of its area to which no special item relates is 176.23.

 

3.       The following amounts be now calculated by the Council for the year 2026/27 in accordance with Sections 31 to 36 of the Local Government Finance Act 1992 (the Act) as amended:

 

(a)      £59,572,540  being the aggregate of the amounts which the Council estimates for the items set out in Section 31A (2) of the Act.

 

(b)      £51,073,421  being the aggregate of the amounts which the Council estimates for the items set out in Section 31A (3) of the Act.

 

(c)      £8,499,118   being the amount by which the aggregate at 3(a) above exceeds the aggregate at 3(b) above, calculated by the Council, in accordance with Section 31A (4) of the Act, as its council tax requirement for the year.

 

(d)      £234.77        being the amount at 3(c) above divided by the amount at 2(a) above, calculated by the Council, in accordance with Section 31B of the Act, as the basic amount of its council tax for the year.

 

(e)       £1,309,152  being the aggregate amount of all special items (including parish precepts and special expenses) referred to in Section 34(1) of the Act.

 

(f)       £198.61        being the amount at 3(d) above less the result given by dividing the amount at 3(e) above by the amount at 2(a) above, calculated by the Council, in accordance with Section 34(2) of the Act, as the basic amount of its council tax for the year for dwellings in those parts of its area to which no special item relates.

 

(g)      Part of the Council's Area

Parish of Awsworth                             £354.35

Parish of Brinsley                                £320.13

Parish of Cossall                                 £261.85

Parish of Eastwood                             £268.62

Parish of Greasley                               £259.56

Parish of Kimberley                             £277.57

Parish of Nuthall                                  £253.15

Parish of Stapleford                            £255.70

Parish of Trowell                                 £308.04

Beeston Special Expense Area           £200.08

 

being the amounts given by adding to the amount at 3(f) above the amounts of the special item or items relating to dwellings in those parts of the Council's area mentioned above divided in each case by the amount at 2(b) above, calculated by the Council, in accordance with Section 34(3) of the Act, as the basic amounts of its council tax for the year for dwellings in those parts of its area to which one or more special items relate.

 

 

 

 

PART OF THE COUNCIL'S AREA

 

VALUATION BANDS

A               £

B                  £

C              £

D                 £

E                    £

F                  £

G                 £

H                 £

Parish of Awsworth

236.23

275.61

314.98

354.35

433.09

511.84

590.58

708.70

Parish of Brinsley

213.42

248.99

284.56

320.13

391.27

462.41

533.55

640.26

Parish of Cossall

174.57

203.66

232.76

261.85

320.04

378.23

436.42

523.70

Parish of Eastwood

179.08

208.93

238.77

268.62

328.31

388.01

447.70

537.24

Parish of Greasley

173.04

201.88

230.72

259.56

317.24

374.92

432.60

519.12

Parish of Kimberley

185.05

215.89

246.73

277.57

339.25

400.93

462.62

555.14

Parish of Nuthall

168.77

196.89

225.02

253.15

309.41

365.66

421.92

506.30

Parish of Stapleford

170.47

198.88

227.29

255.70

312.52

369.34

426.17

511.40

Parish of Trowell

205.36

239.59

273.81

308.04

376.49

444.95

513.40

616.08

Beeston Special Expense Area

133.39

155.62

177.85

200.08

244.54

289.00

333.47

400.16

All other parts of the Council’s Area

132.41

154.47

176.54

198.61

242.75

286.88

331.02

397.22

 

being the amounts given by multiplying the amounts at 3(f) and 3(g) above by the number which, in the proportion set out in Section 5(1) of the Act, is applicable to dwellings listed in a particular valuation band divided by the number which in that proportion is applicable to dwellings listed in Valuation Band D, calculated by the Council, in accordance with Section 36(1) of the Act, as the amounts to be taken into account for the year in respect of categories of dwellings listed in different valuation bands.

 

 

 

4.      That it be noted for the year 2026/27, the Nottinghamshire and City of Nottingham Fire and Rescue Authority, Nottinghamshire County Council and the Nottinghamshire Police and Crime Commissioner are proposing the following amounts in precepts issued to the Council, in accordance with Section 40 of the Local Government Finance Act 1992, for each of the categories of dwellings shown below:

 

PRECEPTING AUTHORITY

VALUATION BANDS

A               £

B                  £

C              £

D                 £

E                    £

F                  £

G                 £

H                 £

Nottinghamshire County Council

1,313.42

1,532.32

1,751.23

1,970.13

2,407.94

2,845.74

3,283.55

3,940.26

Nottinghamshire Police and Crime Commissioner

207.40

241.97

276.53

311.10

380.23

449.37

518.50

622.20

Nottinghamshire and City of Nottingham Fire and Rescue Authority

68.14

79.50

90.85

102.21

124.92

147.64

170.35

204.42

 

 

 

5.               That, having calculated the aggregate in each case of the amounts at 3(h) and 4 above, the Council, in accordance with Section 30(2) of the Local Government Finance Act 1992, hereby sets the following amounts as the amounts of Council Tax for the year 2026/27 for each of the categories of dwellings shown below:

 

 

PART OF THE COUNCIL'S AREA

VALUATION BANDS

A               £

B                  £

C              £

D                 £

E                    £

F                  £

G                 £

H                 £

Parish of Awsworth

1,825.19

2,129.40

2,433.59

2,737.79

3,346.18

3,954.59

4,562.98

5,475.58

Parish of Brinsley

1,802.38

2,102.78

2,403.17

2,703.57

3,304.36

3,905.16

4,505.95

5,407.14

Parish of Cossall

1,763.53

2,057.45

2,351.37

2,645.29

3,233.13

3,820.98

4,408.82

5,290.58

Parish of Eastwood

1,768.04

2,062.72

2,357.38

2,652.06

3,241.40

3,830.76

4,420.10

5,304.12

Parish of Greasley

1,762.00

2,055.67

2,349.33

2,643.00

3,230.33

3,817.67

4,405.00

5,286.00

Parish of Kimberley

1,774.01

2,069.68

2,365.34

2,661.01

3,252.34

3,843.68

4,435.02

5,322.02

Parish of Nuthall

1,757.73

2,050.68

2,343.63

2,636.59

3,222.50

3,808.41

4,394.32

5,273.18

Parish of Stapleford

1,759.43

2,052.67

2,345.90

2,639.14

3,225.61

3,812.09

4,398.57

5,278.28

Parish of Trowell

1,794.32

2,093.38

2,392.42

2,691.48

3,289.58

3,887.70

4,485.80

5,382.96

Beeston Special Expense Area

1,722.35

2,009.41

2,296.46

2,583.52

3,157.63

3,731.75

4,305.87

5,167.04

All other parts of the Council’s Area

1,721.37

2,008.26

2,295.15

2,582.05

3,155.84

3,729.63

4,303.42

5,164.10

 

Supporting documents: