Issue - decisions
Business Rate Forecast 2019/20
15/02/2019 - Business Rate Forecast 2019/20
That the calculation of the Council’s
business rate forecast for the year 2019/20 as set out in this
report be approved. The total forecast Business Rate income for
2019/20 is £65.454m, of which the Council will retain
£22.547m after allowing for the required tariff payment of
£38.980m and the WoE Combined Authority and Fire Authority
shares as shown in Table 1 of the report.
That the projected deficit on the collection fund as at the end of
2018/19 related to Business Rates is declared at £0.292m. The
Council’s share of the deficit is £0.274m.