Corporate Director Mark Kimberley presented a report, which had been circulated prior to the meeting, giving information about the finance settlement for the next financial year.
RESOLVED to:
1) Note the Provisional Local Government Finance Settlement;
2) Approve in principle the payment of £28,400 grant funding to the Parish Councils to offset the taxbase reductions following implementation of the Council Tax Reduction Scheme as detailed in paragraph 2.1.5 of the report;
3) Approve a 3% income inflation increase for the individual portfolios as shown in the table at paragraph 2.3 of the report; and
4) Approve the draft letter attached at Appendix B to the report for circulation to a selection of Business Ratepayers.