Cabinet Member: Councillor Lowry (Cabinet Member for Finance)

The City Council will be asked to agree the Council Tax Base for 2014/15 Tax Setting as 67,066 Band D equivalents, which is the tax base after allowing for an estimated collection rate of 97.5%.

The minute of Cabinet held on 14 January 2014 will be submitted together with the report considered at Cabinet.

Councillor Lowry (Cabinet Member for Finance) presented the Cabinet recommendation on the Council Tax Base Setting 2014/15 (Cabinet minute 92 referred).  Councillor Evans (Council Leader) seconded the proposal.

Following a vote, it was Agreed to approve the Council Tax base for 2014/15 tax setting as 67,066 Band D equivalents, which is the tax base after allowing for an estimated collection rate of 97.5 per cent. 

The Assistant Director for Finance will submit a report on the proposed Council Tax-base for tax setting purposes in accordance with the Local Authorities (Calculation of Tax Base) Regulations 2012.

Malcolm Coe (Assistant Director for Finance) submitted a report on the proposed Council Tax base for tax setting purposes in accordance with the Local Authorities (Calculation of Tax Base) Regulations 2012.  

The report indicated that a tax base of 67,066 would a Council Tax requirement of £86,847,153.38, assuming a 1.99 per cent increase. 

Councillor Lowry (Cabinet Member for Finance) introduced the proposal which would feed into revenue budget setting.    

Alternative options considered and reasons for the decision –

As set out in the report.

The City Council is Recommended to approve the Council Tax base for 2014/15 tax setting as 67,066 Band D equivalents, which is the tax base after allowing for an estimated collection rate of 97.5 per cent.