The amount of money required by the Council to carry out it's functions in 2020/21 is £11.662m.
A proportion of this is met by a share of Business Rates collected, with the balance being met from Council Tax.
The following table provides an analysis of how the Councl's budget requirement is being funded in 2020/21 and illustrates how the Council Tax for a band D property is calculated.
| 2019/20 | Band D Equivalent | 2020/21 | Band D Equivalent | |
|---|---|---|---|---|
| £m | £ | £m | £ | |
| 11.171 | 386.89 | Budget Requirement | 11.662 | 398.8 |
| Less: Central Government Support | ||||
| 4.903 | 169.80 | Business Rates Retention | 5.190 | 177.48 |
| 6.268 | 217.09 | Amount to be raised from Council Tax | 6.472 | 221.32 |
Budget Book 2020-21
Budget Book 2019-20
Budget Book 2018-19
Budget Book 2017-18
Budget Book 2016-17
Budget Book 2015-16
Last Updated: 03/09/2020