Issue details

Revenue and Capital Budget 2027/2028

 

 

To approve the Council’s Revenue Budget and Capital Plan Budget for 2027/2028 including the setting of fees and charges for Council services and Capital Strategy.

The Government’s multi-year Local Government Finance Settlement provides greater certainty for financial planning; however, the funding formula changes and ongoing demand pressures have created significant financial challenges for Torbay. The Cabinet will launch its draft budget for six weeks consultation at its Cabinet meeting on 24 November 2026, with the final recommendations being considered by Cabinet and Council in February 2027. As the final budget proposals will not be submitted before 8 February 2027, Standing Orders F2.7 to 2.11 will not apply (whereby the Council provides any objections to the Cabinet to review before determining the budget).

Decision type: Key

Reason Key: Revenue Budget variation +£250,000;

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 09/10/2026

Decision due: 25 Feb 2027 by Council

Lead member: Cabinet Member for Housing and Finance

Lead director: Director of Finance

Contact: Malcolm Coe Email: Malcolm.Coe@torbay.gov.uk.

Consultation process

Reports in relation to the final Revenue Budget will be circulated to the Council’s key stakeholders (in accordance with statute).

The Cabinet will set out draft budget proposals for consultation.

The Leader of the Council will request Cabinet Members and officers to outline the implications for the budget proposals. The Overview and Scrutiny Board and stakeholders will respond to these proposals. The Cabinet will consider these comments before proposing a final budget (including proposals for service change, income generation and efficiencies) which will form part of the Revenue Budget which will be presented to Council in February 2027.

Consultees

Overview and Scrutiny Board, Council and key stakeholders.

If you want to make representations contact:: Malcolm Coe, Director of Finance, Torbay Council, Town Hall, Castle Circus, Torquay, TQ1 3DR, email malcolm.coe@torbay.gov.uk

 

Contact Governance Support

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