Agenda item

Report of the Chamberlain.

Members received a report of the Chamberlain concerning the Spring 2024 Budget.

Members noted that over three-quarters of London boroughs had provisionally applied for approval to implement the second-homes premium in the 2025/26 financial year.

During discussion, some Members felt that some of the wording in the report’s summary could be seen as overly political. However, other Members felt that it was appropriate, noting the City Corporation’s position and the lack of support it was seeing in some of its own services. The Chamberlain informed Members that, given her responsibilities as a Section 151 Officer, she had a responsibility to reflect views on the financial position of the City Corporation and local government funding to Members and that the Secretary of State had consulted on the local government settlement, expecting feedback.

A Member requested that further thought be given to how the wider Court was presented with the information on the decisions that would be required by the City’s financial position.

RESOLVED, that – the report be received and its contents noted.