36/2008 The Cabinet recommended to Council on
28 February 2008 for approval:
(i) The proposed Revenue and Capital Budgets for 2008/2009 for the
Housing Revenue Account, inclusive of an average rent increase of
£3.26 per week (based upon 50 collection weeks and equating
to an increase of 5.08%);
(ii) That the policy decision made by Council on 1 March 2007 that
the rent level of any new void property be adjusted to its in year
formula rent level under rent restructuring requirements continues;
(iii) That service charges for 2008/2009 reflect the costs incurred
in providing that service, and the average cost will increase by no
more than inflation (3.9%, that being the Retail Price Index [all
items] for September 2007) plus 0.5% over that charged in
2007/2008;
(iv) The proposed increase in garage rent charges by 3.9%, that
being the Retail Price Index (all items) for September
2007.