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 RESOLVED:
1. That the calculation of the Council Tax Base for 2016/17 should be set at a level of 54,100.4 Band D equivalent properties based on a council tax support scheme of 30% and delegated authority of final confirmation of the Band D equivalent properties to the Corporate Director: Resources following approval of the council tax support scheme by Council on 27 January.
And NOTED:
2. The estimated position on the Collection Fund in respect of Council Tax as at 31 March 2016 being:
Council Tax £1.816m surplus
3. The estimated position on the Collection Fund in respect of Business Rates as at 31 March 2016 being:
Business Rates £0.832m deficit
Cabinet further RESOLVED:
4. To delegate to the Corporate Director: Resources authority for approving and returning the final NNDR1 return to the Secretary of State by 31 January 2016, to include any further revision to the business rates position 2015/16 and Business Rate income 2016/17.
Decision type: Key
Reason Key: Significantly affecting two or more electoral wards;
Decision status: Recommendations Approved
Notice of proposed decision first published: 16/10/2015
Decision due: 18 Jan 2016 by Cabinet
Lead member: Cabinet Member for Resources
Lead director: Executive Director Corporate Services
Department: Corporate Services
Contact: Steven Pilsworth, Service Director Financial Services Email: steven.pilsworth@peterborough.gov.uk; Tel: 01733 384564 Email: Steven.Pilsworth@peterborough.gov.uk Tel: 01733 384564.
Consultation process
Relevant internal and external stakeholders.
Relevant Scrutiny Committee: Sustainable Growth and Environment Capital
Meeting Open to Public: N/A