Why has there been a 3.5 per cent increase in council tax?

Our gross revenue budget for 2008-09 is £1,090.3 million. The table below shows why there has been a 3.5 per cent increase in council tax.
Reason for Change in Gross Expenditure/Budget requirement and effect on Council Tax

£M

 

Pay, price and other increases outside the Council's control

13.5

Service Pressures

5.9

Efficiency measures and other savings

-7.3

Growth in services funded from grants and other income

26.7

Change in Gross Expenditure

38.8

Increases in grants and other income

37.6

Change in Debt Charges

3.9

Increase in Internal Financing Measures

-8.1

Increase in Interest on Balances

-2.0

Change in Budget Requirement

70.2

Less increase in Revenue Support Grant

-0.4

Less increase in Business Rates

-27.6

Less increase in Area Based Grants                   -32.4
Increase in Council Tax

9.8



DirectGov