Issue - decisions
Business Rate Forecast 2020/21
05/02/2020 - Business Rate Forecast 2020/21
That the calculation of the Council’s
business rate forecast for the year 2020/21 as set out in this
report be approved. The total forecast Business Rate income for
2020/21 is £66.834m, of which the Council will retain
£23.209m after allowing for the required tariff payment of
£39.615m and the WoE Combined Authority and Fire Authority
shares as shown in Table 1 of the report.
That the projected surplus on the collection fund as at the end of
2019/20 related to Business Rates is declared at £1.615m. The
Council’s share of the deficit is £1.518m.