This report starts the formal process that sets a framework for 2018/19 – 2021/22 MTFP with updated planning assumptions. It also considers the impact of changes in Local Government financing and how these may be addressed leading to the setting of a budget for 2018/19 and Council Tax rate in February 2018.

1.         That the proposed framework for the updating of the Medium Term Financial Plan 2018/19 – 2021/22 and the preparation of a Budget for 2018/19 be endorsed.

2.         That the approach to consultation for 2017/18 be approved.

The Executive considered a report from the Deputy Leader and Executive Member for Corporate Resources that set out the framework for the 2018/19 – 2021/22 Medium Term Financial Plan with updated planning assumptions. 

Reason for decision:  To enable the Council to have a framework to meet the financial challenges faced by Central Bedfordshire Council over the medium term.

RESOLVED

1.      that the proposed framework for the updating of the Medium Term Financial Plan 2018/19 – 2021/22 and the preparation of a Budget for 2018/19 be endorsed; and

2.      that the approach to consultation for 2017/18 be approved.

The decision was unanimous.