Decision details
100% Localisation of Business Rates 2018/19 Pilot Scheme
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Decision:
RESOLVED
That the Director of Corporate Services, in consultation with the Cabinet Member for Finance and Assets, be authorised to determine whether to submit a bid to the DCLG for the Council to take part in the 2018/19 pilot for 100% Business Rate retention.
REASON
If taxation receipts grow faster than spending on additional responsibilities, a successful bid should result in a greater share of local taxation being retained in the area, for the benefit of residents and service users.
Publication date: 13/10/2017
Date of decision: 12/10/2017
Decided at meeting: 12/10/2017 - Cabinet
Effective from: 21/10/2017
Accompanying Documents: