Decisions for issue Business Rates Retention Forecast 2020/21

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.