Issue details

This report seeks final confirmation of the recommendations to be made to Council, on 23 February 2018, in respect of the revenue budget, capital programme and council tax 2018/19.

On 08 January 2018, the Executive reviewed the Council’s overall finance strategy and considered proposals relating to the capital programme, revenue budgets and the council tax for 2018/19.  This report updates the Council’s budgets to reflect the decisions taken on 08 January 2018.

The capital programme for the years 2017/18 to 2021/22 will be £55,081,000.

The revenue budget for 2018/19 will be £8,440,500.  With Central Government support, transitional grant and retained business rates estimated to be £1,852,843 and a deficit to be paid to the collection fund of £25,538, the total amount due from the council tax payers will be £6,613,195.

Taking these changes into consideration, the council tax for 2018/19 will be £155.22 per Band D property.  This represents an increase from the council tax set for 2017/18 but would be within the referendum limit set by the Government.