Cabinet considered the report and:
1. Proposed the calculation of the Council Tax Base for 2017/18 set at a level of 54,879.00 Band D equivalent properties based on a council tax support scheme of 30%, delegating authority of final confirmation of the Band D equivalent properties to Corporate Director Resources following approval of the council tax support scheme by Council on 25 January;
2. Noted the estimated position on the Collection Fund in respect of Council Tax as at 31 March 2017 being:
Council Tax £0.210m surplus
3. Noted the estimated position on the Collection Fund in respect of Business Rates as at 31 March 2017 being:
Business Rates £2.228m deficit
4. Delegated to the Corporate Director Resources authority for approving and returning the final NNDR1 return to the Secretary of State by 31 January 2017 to include any further revision to the business rates position 2016/17 and Business Rate income 2017/18.
Decision type: Key
Reason Key: Expenditure or savings greater than £500,000;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 28/10/2016
Decision due: 16 Jan 2017 by Cabinet
Lead director: John Harrison
Department: Corporate Services
Contact: Steven Pilsworth, Service Director Financial Services Email: Steven.Pilsworth@peterborough.gov.uk Tel: 01733 384564.
Consultation process
Relevant internal and external stakeholders.
Relevant Scrutiny Committee: Growth, Environment & Resources Scrutiny Committee