Decision details

GM Waste Budget and Resources - Budget and Levy 2024/25 and Medium Term Financial Plan to 2023/24 - 2025/26

Decision Maker: Greater Manchester Combined Authority

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

1.       That the proposed 2025/26 Trade Waste rate of £138.93, to allow forward planning by Greater Manchester Local Authorities, be approved.

 

2.       That the budget and levy for 2024/25 of £174.3m (3.1% increase) be approved.

 

3.       That a one-off reduction of £20m to the levy in 2024/25, funded from reserves reducing the 2024/25 requirement to £154.3m be approved and that authority be delegated to the GMCA Treasurer to agree the basis of distribution with Greater Manchester Local Authority Treasurers.

 

4.             That the risk position set out in the Balances Strategy and Reserves be noted.

 

5.                    That Members welcome the work undertaken by the Finance Team that has allowed for the return of funds into local authority budgets.

Publication date: 12/02/2024

Date of decision: 09/02/2024

Decided at meeting: 09/02/2024 - Greater Manchester Combined Authority

Effective from: 20/02/2024

Accompanying Documents: