Have recommended to full Council that they:
note the implications of receiving a low level of revenue support grant in terms of future council tax rises and in that respect to request Officers to report to a future meeting on other options which would involve a maximum increase of 7.5%;
support a policy of limiting increases in budget requirement to 4.99% but to invite Officers to consider models requiring a lower requirement approximately to c.4%;
support the draft Medium Term Financial Plan as the basis for the production of the 2008/2009 budget, the revised Medium Term Plan for 2009-2013 and a financial plan to 2018/2019.;and
request Officers to review critically all budgets and Medium Term Plan schemes (revenue and capital).