Issue details

This report seeks final confirmation of the recommendations to Council, on 24 February 2017, in respect of the revenue budget, capital programme and council tax for 2017/18. 

On 9 January 2017, the Executive reviewed the Council’s overall finance strategy and considered proposals relating to the capital programme, revenue budgets and the council tax for 2017/18.  This report updates the Council’s budgets to reflect the decisions taken on 9 January 2017 The capital programme for the years 2016/17 to 2020/21 will be £65,686,000. 

The revenue budget for 2017/18 will be £8,616,700.  With Central Government support and retained business rates estimated to be £2,161,654 and use of collection fund balance of £89,984 this results in the total amount due from the council tax of £6,365,062. 

Taking these changes into consideration, the council tax for 2017/18 will be £150.22 per Band D property and would be within the referendum limit set by the Government.