Nottingham City Council receives money from the Government in the form of Revenue Support Grant and retains a proportion of the income from Business Rates. This helps cover the cost of local services.

These services include:

• Education 
• Social Services
• Cultural Services
• Environmental Services
• Planning

The money received from the Government is not enough to cover the whole cost of Council services. The balance is funded from the Council Tax.

For 2012/2013 the total budget of the Council is financed as follows:

Each year the Council identifies its spending needs and is advised of the money it will receive from Central Government. From this, the amount to be funded by Council Tax is derived.

The Authority then calculate how much the charge will be for a band D property. The charges for the other bands are then calculated using the following proportions of the band D charge: