Agenda item

Report of the Director of Finance & Transformation / Section 151 Officer

The Council gave consideration to the report as set out on pages 42-46 of the agenda, which sought approval for Oadby & Wigston’s net budget requirement of £6,398,924 and an associated Band D Council Tax for 2018/19 of £217.97.

There was recognition amongst all Members that the proposed Council Tax increase represented a difficult choice which would inevitably place additional financial strain on households, many of whose budgets were already pressurised. Members acknowledged however that the increase was necessary to enable the Council to continue to balance its finances and maintain the delivery of services during increasingly challenging conditions.

Members stressed that pressure needed to be applied on Central Government to urgently review the current system of Local Government funding and to introduce reforms which ensure all local authorities receive a fairer financial settlement.

It was moved by Councillor Mrs S B Morris, seconded by Councillor J Kaufman and

UNANIMOUSLY RESOLVED THAT:

(i)          It be noted that under powers delegated to the Chief Financial Officer, the Council has calculated the amount of 17,257.00 as its Council Tax base for the financial year 2018/19 in accordance with the Local Authorities (Calculation of Council Tax Base) (England) Regulations 2012;

(ii)        It be noted that the Council Tax Requirement for the Council’s own purposes for 2018/19 is £3,761,508;

(iii)       The following amounts be calculated by the Council for the year 2018/19 in accordance with sections 30 to 306 (as amended) of the Local Government Finance Act 1992;

(a)        £18,604,195 being the aggregate of the amounts which the Council estimates for the items set out in section 31A(2) of the Act;

(b)        £14,842,687 being the aggregate of the amounts which the Council estimates for the items set out in section 31A(3) of the Act;

(c)         £3,761,508 being the amount by which the aggregate at 3 a) above exceeds the aggregate at 3 b) above, calculated by the Council, in accordance with section 31A(4) of the Act, as its Council Tax Requirement for the year;

(d)        £217.97 being the amount at 3 c) above divided by the amount at 1 above, calculated by the Council, in accordance with section 31B of the Act, as the basic amount of its Council Tax for the year;

(e)        Valuation Bands

         Being the amounts given by multiplying the amount at 2.3.d. above by the number which, in the proportion set out in Section 5(1) of the Act, is applicable to dwellings listed in a particular valuation band divided by the number which in that proportion is applicable to dwellings listed in valuation Band D, calculated by the Council, in accordance with section 36(1) of the Act, as the amount to be taken into account for the year in respect of categories of dwellings listed in different valuation bands.

(iv)     Precepting Authorities – Valuation Bands

It be noted that for the year 2018/19, the Police and Crime Commissioner for Leicestershire, and the Leicester, Leicestershire and Rutland Combined Fire Authority have stated the following amounts in precepts issued to the Council, in accordance with section 40 of the Local Government Finance Act 1992, for each of the categories shown below and that Leicestershire County Council have indicated that their provisional precept will be confirmed on 21 February 2018.

(v)    Having calculated the aggregate in each case of the amounts at 2.3 (e) and 2.4 above,the Council, in accordance with section 30 (2) of the Local Government Finance Act 1992, hereby sets the following amounts as the amounts of Council Tax for the year 2018/19 each of the categories of dwellings shown below’.

Valuation Bands

In accordance with the Local Authorities (Standing Orders) (England) (Amendment) Regulations 2014, the names of the persons who casted a vote for the motion or against the motion or who abstained from voting were recorded as follows: