The Cabinet has noted the agreed MTFS baseline position in relation to parking charges and in particular the 20p increase, along with the other financial information included in the report.
The Cabinet has recommended to Council:
i. to note that Cabinet agreed that the 20p increase as set out in the revenue budget should not be implemented in 2025/26. The detail of the charges will be considered and agreed in 2026/27 and will be considered against an updated Car Parking Strategy; and
ii. to delegate authority to the Corporate Director (Finance and Resources) and Section 151 Officer in consultation with the Executive Councillor for Finance and Resources to make necessary changes to the Council’s finances, including movements from Reserves, to ensure that a balanced revenue budget position for 2025/26 is maintained.