BUDGET plans for the next financial year will be discussed by Oxford's senior councillors today.

The city council’s executive board will meet at the Town Hall, St Aldate’s, from 5pm to discuss several agenda items.

Included on the agenda is the draft budget for the 2013 to 2014 financial year.

The budget includes plans for a two per cent hike in council tax, a council house rent rise of more than four per cent and increased parking charges.