Issue - meetings

The Cabinet Member for Finance, Growth and Core Services introduced the annual Council Tax Base report for the 2023/24 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 prescribed method of calculation of the Council Tax Base.  It was noted that while the Council Tax Base had increased by 2.4% on last year, an increase of 2.99% had been predicted in the Council’s Medium Term Financial Strategy which meant a shortfall of £0.45m on projected income for 2023/24.

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 2023/24 shall be 53,326.90 Band ‘D’ properties.