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 2008/2009 the total budget of the Council is financed as follows:
|
2008/2009
|
£m
|
Amount per Head of population £
|
Gross revenue spending
on council services
|
925.0
|
3,254
|
|
Gross Income
|
(670.3)
|
-2,358
|
|
Budget Requirement
|
254.7
|
869
|
|
Financed by:
|
|
|
|
Revenue Support Grant
|
19.7
|
69
|
|
Business Rates
|
141.5
|
498
|
|
Amount financed from Council Tax
|
93.6
|
329
|
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:
|
Band
|
A
|
B
|
C
|
D
|
E
|
F
|
G
|
H
|
|
Proportion of Band D
|
6/9ths
|
7/9ths
|
8/9ths
|
1
|
11/9ths
|
13/9ths
|
15/9ths
|
18/9ths
|
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