39/2007 The Cabinet recommended to Council on
1 March 2007 for approval: (i) The proposed Revenue and Capital
Budgets for 2007/08 for the Housing Revenue Account, inclusive of
an average rent increase of £2.95 per week (based upon 50
collection weeks and equating to an increase of 4.84%); (ii) That
commencing 1 April 2007 the rent level of any new void property be
adjusted to its in year target rent level under rent restructuring
requirements; (iii) That from 2008/2009 to 2011/2012 inclusive, the
rent increases for properties that will not reach target rent by
2012 be increased by the maximum amount allowed under the rent
restructuring policy i.e. Retail Price Index plus 0.5% plus
£2 per week; (iv) That service charges for 2007/2008 reflect
the costs incurred in providing that service, and that where
controllable, the average cost increases by no more than inflation
(3.6%, that being the Retail Price Index [all items] for September
2006) plus 0.5% over that charged in 2006/2007; (v) The proposed
increase in garage rent charges by 3.6%, that being the Retail
Price Index (all items) for September 2006; (vi) That a further
£1 million is allocated from Housing Revenue Account working
balances to bring forward works to achieve Decent Homes Standard in
2007/2008.