Decisions for issue Business Rates Retention Forecast 2017/18

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.