How your 2018/19 Council Tax is worked out
The Council Tax for Thanet District Council is worked out by looking at what money is needed to run the services we provide, based on what we have set as our budget for the coming year.
The total amount of Council Tax we need to collect is identified as the difference between the budget we need and the money we already have to spend on services. This is shown in the table below:
|
Budget Summary |
2018/19 £'000 |
2017/18 £'000 |
Difference |
Per band D property |
|---|---|---|---|---|
| Net Budget 2017/18 | 18,079 | 19,159 | -5.64 | |
| Inflation | 400 | 500 | ||
| Increases in income and grants | -390 | -290 | ||
| Contribution to / from reserves | 0 | -490 | ||
| Growth | 1,468 | 570 | ||
| Identified savings | -2,757 | -1,860 | ||
| Net Budget 2018/19 | 16,800 | 17,589 | -4.49 | |
| Less: | ||||
| Business Rates - share of central pool | -5,670 | -4,716 | ||
| Government Revenue Support Grant (inc S31 + Transition Grant | -104 | -1,446 | ||
| New Homes Bonus | -1,011 | -1,877 | ||
| -6,785 | -8,039 | -15.60 | ||
| Plus (or less) | ||||
| Collection fund deficit (or surplus) | -300 | -300 | ||
| Expenditure to be met by Council Tax payers | 9,715 | 9,250 | ||
| Divided by equivalent number of Band D properties | 42,905 | 42,069 | ||
| Thanet Tax level (Band D) | 226.44 | 219.87 | 2.99 | |
| Add | ||||
| Parish Council precepts | 40.46 | 32.88 | ||
| Kent County Council precept | 1,237.68 | 1,178.82 | ||
| The Police and Crime Commissioner for Kent precept | 169.15 | 157.15 | ||
| Kent & Medway Fire and Rescue Authority’s precept | 75.51 | 73.35 | ||
| Council Tax level (Band D) | 1,749.24 | 1,662.07 | 5.24 | 87.17 |
Loan liabilities – the council’s total outstanding borrowings from external organisations on 31 March 2018 were estimated at £31,086,000
