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The Head of Finance and Customer Services presented the Council Tax Resolutions 2023/24.

Members were advised that the Council was required to agree Council Tax resolutions on an annual basis.  The content of the report took into account the Council Tax Base 2023/24 which had been agreed by the Executive Committee and Council in January 2023. The report detailed the Council Tax requirements for each of the precepting authorities, all of which had chosen to increase the amount of Council Tax required from local residents.  This included a 2.99 per cent increase for Redditch Borough Council.  When the increases proposed by all the precepting authorities were taken into account collectively, the Council Tax bill for Band D equivalent properties in the Borough would increase by 5.4 per cent in 2023/24 compared to 2022/23. 

RESOLVED to

note that at a meeting on 10^th January 2023, the Executive Committee calculated the Council Tax Base 2023/24 as:

(a)    for the whole Council area as 26,304.94 [Item T in the formula in Section 31B of the Local Government Act 1992, as amended (the “Act”)]; and

(b)   for dwellings in those parts of its area to which a Parish precept relates; this being Feckenham Parish as 375.79.

RECOMMENDED that Council approve:

1)         the calculation for the Council Tax requirement for the Council’s own purposes for 2023/24 (excluding Parish precepts) as £6,885,318.04.

2)         that the following amounts be calculated for the year 2023/24 in accordance with sections 31 to 36 of the Act: 

(a)    £49,710,521 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A (2) of the Act (taking into account all precepts issued to it by Parish Councils) (i.e., Gross expenditure);               

(b)    £42,805,203 being the aggregate of the amounts which the Council estimates for the items set out in Section 31A (3) of the Act. (i.e., Gross income);      

(c)    £6,905,318 being the amount by which the aggregate of 1.2.2(a) above exceeds the aggregate at 1.2.2(b) above, calculated by the Council, in accordance with Section 31A (4) of the Act, as its Council Tax requirement for the year. (Item R in the formula in Section 31B of the Act);  

(d)    £262.51 being the amount at 1.2.2 (c) above (Item R), all divided by Item T (1.1(a) above), calculated by the Council, in accordance with Section 31B of the Act, as the basic amount of its Council Tax for the year (including Parish precepts);                  

(e)    £20,000 being the aggregate amount of all special items (Feckenham Parish precept) referred to in Section 34 (1) of the Act;

(f)     £261.75 being the amount at 1.2.2 (d) above less the result given by dividing the amount at 1.2.2 (e) above by Item T (1.1 (a) above), calculated by the Council, in accordance with Section 34 (2) of the Act, as the basic amount of its Council Tax for the year for dwellings in those parts of its area to which no Parish precept relates;  ...  view the full minutes text for item 132