Issue - meetings

GM Waste Budget and Resources - Budget and Levy 2024/25 and Medium Term Financial Plan to 2023/24 - 2026/26

 

 

Meeting: 09/02/2024 - Greater Manchester Combined Authority (Item 8D)

8D GM Waste Budget and Resources - Budget and Levy 2024/25 and Medium Term Financial Plan to 2023/24 - 2025/26 pdf icon PDF 242 KB

Report of Councillor David Molyneux, Portfolio Lead for Resources & Investment.

 

Additional documents:

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.