Decision - Business Rates Retention Forecast 2017/18
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Decision details
Business Rates Retention Forecast 2017/18
Decision Maker: Policy, Resources & Growth Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
To agree business rates income forecast for
2017/18 and approval of the NNDR1 form 2017/18.
Decision:
104.1 RESOLVED – That the Committee:
1) Notes that the amount forecast to be received by the council in 2017/18 from its share of local business rates and section 31 (Local Government Act 2003) compensation grants is £59.284m, based on the latest data. This is £0.994m above the forecast used in the December 2016 budget update report.
2) Delegates the submission of the final business rates forecast and the NNDR1 2017/18 form to the Executive Director of Finance & Resources following consultation with the Chair of this Committee for the reasons given in paragraph 1.2.
Report author: Heather Bentley
Publication date: 25/01/2017
Date of decision: 19/01/2017
Decided at meeting: 19/01/2017 - Policy, Resources & Growth Committee
Accompanying Documents:
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