How we fund local services

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This year (2021/22) we will spend around £12 million (£11,951,000) on local services. We will receive over £7 million (£7,198,000) in council tax to help fund this. We will fund the balance (£4,753,000) through business rates, other grants, surpluses and New Homes Bonus.

The government has been reducing the amount of core government grant we receive every year to £0 and indications are that the amount of Business Rates and New Homes Bonus we receive will also reduce. This will hopefully be clarified in the forthcoming Spending Review. This means we will face significant and ongoing challenges providing the same level of services, and either need to make further savings or generate additional income to fund the services we deliver.

The two graphs and table below show how council services (after fees and charges) were funded in 2010/11 and how they are funded in 2021/22 to illustrate the changes:

Chart showing differences in income between 2010 and 2021

2010/2011

2021/22

Core Government Grant

£6,099,950

Retained Business Rates

£3,232,000

Council Tax

£5,323,570

Other grants etc.

£610,000



Council Tax

£7,198,000



New Homes Bonus Grant

£911,000

TOTAL

£11,423,520


£11,951,000

This year (2021/22) we will spend around £12 million (£11,951,000) on local services. We will receive over £7 million (£7,198,000) in council tax to help fund this. We will fund the balance (£4,753,000) through business rates, other grants, surpluses and New Homes Bonus.

The government has been reducing the amount of core government grant we receive every year to £0 and indications are that the amount of Business Rates and New Homes Bonus we receive will also reduce. This will hopefully be clarified in the forthcoming Spending Review. This means we will face significant and ongoing challenges providing the same level of services, and either need to make further savings or generate additional income to fund the services we deliver.

The two graphs and table below show how council services (after fees and charges) were funded in 2010/11 and how they are funded in 2021/22 to illustrate the changes:

Chart showing differences in income between 2010 and 2021

2010/2011

2021/22

Core Government Grant

£6,099,950

Retained Business Rates

£3,232,000

Council Tax

£5,323,570

Other grants etc.

£610,000



Council Tax

£7,198,000



New Homes Bonus Grant

£911,000

TOTAL

£11,423,520


£11,951,000

Page last updated: 01 October 2021, 16:17