Issue - meetings

To receive a report from the Deputy Chief Executive (S151 Officer) on the Tax Base Calculations.

The Cabinet had before it a report * from the Deputy Chief Executive (S151) presenting the Tax Base Calculations.

The Cabinet Member for Governance, Finance and Risk outlined the contents of the report with particular reference to the following:

• Each year the Council had to set the Council Tax base on which it and all precepting authorities calculated the precept. Within the calculations were the actual number of properties in the district, the reduction due to the Council Tax Reduction Scheme.
• The forecast growth in properties and the likely level of collection – all of which were converted into an Average Band D property.
• For 2025/26, the Council projected there would be 30,732.91 Band D properties, which was healthy growth of 510.81 on the current year and the Council expected to collect 97.5% of the precept as in the current year.
• The additional funding raised through the second homes premium (c£50k) approved in February 2024 would be earmarked for additional housing activity / projects.

RESOLVED that Cabinet recommend to Council that:

• That the calculation of the Council’s Tax Base for 2025/26 in accordance with The Local Authorities (Calculation of Tax Base) (England) Regulations 2012 at 30,732.91 an increase of circa 510.81 Band D equivalent properties from the previous financial year be APPROVED.
• That the current collection rate of 97.5% remain the same detailed in Section 2 be APPROVED.
• The premium charges in 3.7 & 3.8. The premium element of 3.7 will be used to support additional housing activity/projects to be NOTED.

(Proposed by Cllr J Buczkowski and seconded by Cllr D Wulff)

Reason for the decision: As stated in the report

Note: * Report previously circulated.