Decision details

PROVISIONAL FINANCIAL SETTLEMENT 2008/09

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To inform Cabinet of the provisional local government finance settlement for 2008/09, 2009/10 and 2010/11.

Decision:

THAT the Report to Cabinet on the 13 December 2007 be noted.

Reasons for the decision:

On 6 December 2007 the Minister of State for Local Government announced the provisional three year settlement for local government covering 2008/09 to 2010/11.

The announcement has a direct impact on the level of financial resources Herefordshire will have over the next three years.  It will be reflected in an updated Medium Term Financial Management Strategy (MTFMS).

Alternative options considered:

The provisional settlement represents the Government’s allocation of resources to the Herefordshire Council.  As such there is no alternative funding options on this scale.

Publication date: 14/12/2007

Date of decision: 13/12/2007

Accompanying Documents: