The amount of money required by the Council (its budget requirement for 2024/25 to carry out its functions and provide services) is £15.371 million (£14.432 million in 2023/24).
A proportion of this is met from Business Rates Retention with the balance being met from council taxpayers.
The table below provides an analysis of the funding of the budget requirement and illustrates how the charge of £173.56 for a Band D property is calculated.
| Analysis Type |
Budget 2024/25 |
Band D Equivalent |
|---|---|---|
| Budget Requirement | 15,371 | 311.76 |
| Less Business Rates Retention | 6,814 | 138.20 |
| Council Tax Requirement |
8,557 |
178.56 |
Further details about the Council's spending plans and the Council Tax for 2024/25 can be obtained from the Council Tax Booklet