Decision details

RESOLVED:

1.     That the Teignbridge band D council tax for 2026/27 is increased by 2.99% or £6.05 to £208.33 per annum.

2.     Maintaining 100% council tax support.

3.     That general reserves are increased to 12.4% of the net revenue budget for 2026/27 or £2.6 million.

4.     That £200,000 of the general reserve balance in any one year be available to the Executive to meet unexpected expenditure in addition to the agreed revenue budget.

5.     All other decisions with regard to budgetary change will be approved by reference to virement rules in the financial instructions.

6.     That the summary revenue budget for 2026/27 is £21.0 million as shown at appendix 4. In particular the revenue budget includes:

a)    Assumptions of a 3.0% pay rise for 2026/27.

b)    Revenue contributions to fund capital are maintained at £1,500,000 to support the capital budget.

c)     Core voluntary grants are increased by 4% for three years from 2026/27 through to 2028/29.

d)    The councillors community fund grant is maintained at £1,000 each.

e)    Continued resources to cover Modern 25.

7.     That fees and charges are approved as shown summarised at appendix 6.

8.     That the capital programme as shown at appendix 7 is approved. The capital programme to 2028/29 has been updated to align with the One Teignbridge Action Plan, which was adopted at Full Council on 23 October 2025. The main aims are to work with communities, support the local economy, care for the environment, create affordable homes and work with partners to bring forward infrastructure improvements. It also includes:

Infrastructure delivery plan projects are vital to the development and accessibility of the area. These include highways and cycle path projects, funded by CIL and external sources where available.

Investment in housing (Homes4Teignbridge) continues. On 23 October 2025, the Sherborne House car park social rented flats budget was increased to £7,243,317. Homes England funding in support of the scheme was confirmed in early December 2025. Half of the funds for this scheme come from council resources (receipts and internal borrowing) and half from external contributions.

The purchase of council homes supported by the Local Authority Housing Fund continues, with a further provision of £1,000,000 in prudential borrowing to improve temporary accommodation arrangements and reduce the use and cost of bed and breakfast accommodation. Investment in other support measures such as disabled facilities continue, funded from Better Care grant.

There are provisions to continue corporate decarbonisation measures, including energy efficiency measures at Dawlish and Newton Abbot leisure centres.

Provision is also included for town-centre investment, including the refurbished Market Hall in Newton Abbot, due to complete in 2026. There is a £3,000,000 provision for employment infrastructure, to create new spaces for jobs and local enterprise. These projects aim to stimulate growth in the local economy and ensure it is an attractive and well-connected environment for local businesses.

9.     That the Financial Plan 2026 to 2031 is approved as set out in appendix 8.

10.That the prudential indicators are noted and the prudential limits approved all as set out in appendix 11.

11.That the updated treasury management strategy statement and authorised lending list as set out in appendix 12 is approved together with the capital strategy in appendix 12a.

12.That each scheme will be considered on its merits as explained at the end of appendix 12 to decide the calculation of minimum revenue provision for capital expenditure in 2026/27.

13.That the council tax resolutions as recommended in appendix 15 are approved.