Decision details

RESOLVED: That Cabinet.

a) Noted the contents of this report

b) Approved the proposed LCTRS for 2023-24 as outlined in the report.

c) Recommended to Council a no change LCTRS for 2023-24.

REASONS RESOLVED:

To enable a Council Tax Reduction Scheme to be agreed for West Northants Council for the financial year 2023-24 and be approved by Council and in place by 31 January 2023.

ALTERNATIVE OPTIONS:

·         Modelling has been carried out to show the financial impact of retaining the current scheme as shown in the table below. A 1% increase in the minimum payment would result in a reduction in expenditure of £142,521 (compared to £155,00 in 2022-2023).

·         In light of the on-going impacts from the COVID pandemic and the current economic climate members may wish to retain the current level of 20% minimum contribution and recommend to Council a no change LCTRS for 2023-2024. LCTRS Regulations for pensioners must be increased in line with uprating announced by DLUHC and the working age Regulations uprated in line with those announced by the Department for Work and Pensions (DWP).