Decision - Business Rates Retention Forecast 2019/20
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Decision details
Business Rates Retention Forecast 2019/20
Decision Maker: Policy, Resources & Growth Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Calculate the business rates income forecast
for 2019/20
Decision:
RESOLVED: That the Committee -
1. Noted that the amount forecast to be received by the council in 2019/20 from its share of local business rates and section 31 Local Government Act 2003 compensation grants is £64.987m, based on the latest data. This is £0.403m 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 2019/20 form to the Executive Director of Finance & Resources following consultation with the Chair of this Committee for the reasons given in paragraph 1.2.
3. Approved the proposed Retail Relief Scheme for two years from 2019/20 as outlined at paragraph 3.13.
Report author: Heather Bentley
Publication date: 24/01/2019
Date of decision: 24/01/2019
Decided at meeting: 24/01/2019 - Policy, Resources & Growth Committee
Accompanying Documents:
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