Decision - Business Rates Retention Forecast 2020/21
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Decision details
Business Rates Retention Forecast 2020/21
Decision Maker: Policy & Resources Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Agree the business rates income forecast for
2020/21
Decision:
RESOLVED: That the Committee –
1. Noted that the amount forecast to be received by the council in 2020/21 from its share of local business rates and section 31 Local Government Act 2003 compensation grants is £67.077m, based on the latest data. This was £0.341m (0.5%) above the forecast used in the December Draft Revenue Budget proposals report.
2. Delegated the agreement of the final business rates forecast and the NNDR1 2020/21 form to the Acting Chief Finance Officer following consultation with the Chair of this Committee for the reasons given in paragraph 1.2.
Report author: Heather Bentley
Publication date: 23/01/2020
Date of decision: 23/01/2020
Decided at meeting: 23/01/2020 - Policy & Resources Committee
Accompanying Documents:
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