Issue - meetings

The Cabinet Member for Finance, Growth and Core Services introduced the annual Council Tax Base report for the 2024/25 financial year, which must be set by 31 January each year in accordance with Section 67 of the Local Government Finance Act 1992.

The Cabinet Member referred to the make-up of the Council Tax Base and the factors that were taken into account as part of the calculation.  It was noted that the Council Tax Base had increased by 3% on last year which, when coupled with the projected increase in Council Tax rate of 4.99% referred to earlier in the meeting, would result in an increase in Council Tax income by £6.3m to £84.09m for 2024/25.  The Cabinet Member stressed, however, that the additional £6.3m would only help to reduce the projected budget gap for future years.

Cabinet resolved to agree that, in accordance with the Local Authorities (Calculation of Tax Base) (England) Regulations 2012, the amount calculated by the London Borough of Barking and Dagenham as its Council Tax Base for the year 2024/25 shall be 54,916.54 Band ‘D’ properties.