Issue - meetings

To consider a report of the Cabinet Member for Resources, Commissioning and Governance

The report deals with the forecast Collection Fund outturn position for 2019/20, the setting of the Council Tax Taxbase for 2020/21 and also presents a forecast for Business Rates income for 2020/21.

The Cabinet is recommended to:-

·                  Declare a forecast Collection Fund surplus of £1.194m in 2019/20 relating to a Council Tax surplus of £0.547m and Business Rates surplus of £0.647m;

·                  Declare a forecast Collection Fund surplus to be distributed to the Council’s General Fund in 2020/21 of £1.109m relating to a Council Tax surplus of £0.468m and Business Rates surplus of £0.641m;

·                  Note the 2020/21 Council Tax Taxbase for budget setting purposes of 96,241.2 Band D equivalent dwellings. The Council’s final 2020/21 Council Tax Taxbase will be presented for approval to the Council meeting on 16 January 2020;

·                  Provisionally approve the 2020/21 forecast for Business Rates income of £80.730m;

·                  Note the forecast benefit from the 2019/20 Pilot of £1.748m;

·                  Note the available one-off resources to support the Council’s 2020/21 Budget, MTFP and investment decisions; and 

·                  Approve the transfer of the 2019/20 100% Business Rates Retention Pilot benefit to Collection Fund Reserves as part of the 2019/20 financial year end process; and

delegate the following decisions to the Corporate Director, Corporate and Support Services in consultation with the Deputy Leader of the Council:

·                The decision to vary the Business Rates forecast presented in Table 5 and Table 6 of the report; and

·                The decision to continue in the Greater Manchester and Cheshire Business Rates pooling arrangement.

Officer Contact: Jonathan Davies on 0161 218 1025 or email: jonathan.davies@stockport.gov.uk

The Deputy Leader of the Council and Cabinet Member for Resources, Commissioning and Governance submitted a report (copies of which had been circulated) inviting the Cabinet to consider the forecast Collection Fund outturn position for 2019/20, the setting of the Council Tax Taxbase for 2019/20 and a forecast for Business Rates income for 2020/21.

RESOLVED – (1) That in relation to the Stockport Billing Area - 2020/21 Council Tax Taxbase and Non Domestic Rates forecast, the Cabinet has agreed to:-

·         Declare a forecast Collection Fund surplus of £1.194m in 2019/20 relating to a Council Tax surplus of £0.547m and Business Rates surplus of £0.647m;

·         Declare a forecast Collection Fund surplus to be distributed to the Council’s General Fund in 2020/21 of £1.109m relating to a Council Tax surplus of £0.468m and Business Rates surplus of £0.641m;

·         Note the 2020/21 Council Tax Taxbase for budget setting purposes of 96,241.2 Band D equivalent dwellings. The Council’s final 2020/21 Council Tax Taxbase will be presented for approval to the Council meeting on 16 January 2020;

·         Provisionally approve the 2020/21 forecast for Business Rates income of £80.730m;

·         Note the forecast benefit from the 2019/20 Pilot of £1.748m;

·         Note the available one-off resources to support the Council’s 2020/21 Budget, MTFP and investment decisions; and  

·         Approve the transfer of the 2019/20 100% Business Rates Retention Pilot benefit to Collection Fund Reserves as part of the 2019/20 financial year end process.

(2) Delegate the following decisions to the Corporate Director for Corporate and Support Services in consultation with the Deputy Leader of the Council:-

·         The decision to vary the Business Rates forecast presented in Table 5 and Table 6 of the report; and

·         The decision to continue in the Greater Manchester and Cheshire Business Rates pooling arrangement.