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 -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

How your Council Tax is worked out - previous years