A report was submitted which provided an update on the budget and business planning processes for the forthcoming financial year. The report also set out the assumed level of resource available to the MCA to invest into its priorities and outlined forecast financial risks.
It was noted that following engagement with the South Yorkshire Leaders and Mayor, the report recommended approval of the proposal to freeze the transport levy and local subscriptions at current levels.
RESOLVED – That the Board:
i) Approve the South Yorkshire Transport Levy for financial year 2022/23.
ii) Approve the proposal to not set a Mayoral Precept for the financial year 2022/23.
iii) Note the proposal to freeze local authority subscriptions for financial year 2022/23.
iv) Note the forecast scale of consolidated Group spending power in the forthcoming year.
v) Note the intention to bring the final Group revenue budget and capital programme for approval to the MCA’s March meeting.