Issue - meetings

To consider a report of the Leader of the Council (Policy, Reform & Finance)

Officer contact: Alison Blount, 0161 474 5107, alison.blount@stockport.gov.uk

The Leader of the Council (Policy, Reform & Finance) submitted a report (copies of which had been circulated) inviting the Executive Meeting to consider the impact of the new Business Rates Retention Scheme which would come into effect on 1 April 2013, and to agree the forecast for Business Rates for the Borough.

RESOLVED – That

·         approval be given to 2013/14 Business Rates forecast of £88.758m, in line with the calculation made by the Department for Communities and Local Government in disaggregating Estimated Business Rates Aggregate in the Start Up Funding Allocation set out in the Medium Term Financial Plan Update Report considered earlier in the meeting (see Minute 6 above);

·         approval be given to the NNDR1 return included at Appendix One of the report; and

·         the Leader of the Council (Policy, Reform & Finance) be authorised to make the decision as to whether or not the Council join the Greater Manchester Business Rates Pool.