Cabinet received a report which formed part of the preparation for setting the council’s budget. It needed to be considered so that figures for the tax base, the Collection Fund and the amount of business rates to be collected could be used in setting the Council Tax and business rate income and could be notified to other affected authorities.
Cabinet considered the report and RESOLVED:
1. To propose the calculation of the Council Tax Base for 2015/16 set at a level of 52,748.5 Band D equivalent properties based on a council tax support scheme of 40%, delegating authority of final confirmation of the Band D equivalent properties to Executive Director Resources following approval of the council tax support scheme by Council on 28 January;
2. To note the estimated position on the Collection Fund in respect of Council Tax as at 31 March 2015 being:
Council Tax £0
3. To note the estimated position on the Collection Fund in respect of Business Rates as at 31 March 2015 being a deficit position from increasing the appeals provision for the power station:
Business Rates £3.106m deficit
4. To delegate to the Executive Director Resources authority for approving and returning the final NNDR1 return to the Secretary of State by 31 January 2015 to include any further revision to the business rates position 2014/15 and Business Rate income 2015/16.
Decision type: Key
Reason Key: Significantly affecting two or more electoral wards;
Decision status: Recommendations Approved
Notice of proposed decision first published: 12/12/2014
Decision due: 19 Jan 2015 by Cabinet
Lead member: Cabinet Member for Resources
Lead director: Corporate Director Resources
Relevant internal and external stakeholders.
Relevant Scrutiny Committee: Sustainable Growth and Environment Capital
Meeting Open to Public: n/a