How your 2017/18 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

2017/18 £'000

2016/17 £'000

Difference
%

Per band D property
£

Net Budget 2016/17

19,159

19,374

-1.11

 

Inflation

500

252

 

 

Increases in income and grants

-290

-244

 

 

Contribution to / from reserves

-490

-40

 

 

Growth

570

1309

 

 

Identified savings

-1,860 -1,532

 

 

Net Budget 2017/18

17,589

 19,119

-8.00

 

Less:

 

 

 

 

Business Rates - share of central pool

-4,716

 -4,630

 

 

Government Revenue Support Grant (inc S31 + Transition Grant

-1,446

 -2,460

 

 

 

 -1,877

 -2,921

   
 

-8,309

-10,011

-19.70

 

Plus (or less)

 

 

 

 

Collection fund deficit (or surplus)

-300

 -363

 

 

Expenditure to be met by Council Tax payers

 9,250

8,745

 

 

Divided by equivalent number of Band D properties

42,069

40,691

 

 

Thanet Tax level (Band D)

219.87

214.92

2.31

 

Add

 

 

 

 

Parish Council precepts

 32.88

28.17

 

 

Kent County Council precept

1,178.82

1,133.55

 

 

The Police and Crime Commissioner for Kent precept

157.15

152.15

 

 

Kent & Medway Fire and Rescue Authority’s precept

73.35

72.00

 

 

Council Tax level (Band D)

1,662.07

1,600.79

3.83

61.28

 

Loan liabilities – the council’s total outstanding borrowings from external organisations on 31 March 2017 were estimated at £40,433,740.64

How your Council Tax is worked out - previous years