Friday
26
April
Funding D-Day looms for county council
28/11/2019 @ 01:15
The most important day of the year is looming for Powys County Council on funding.
On Monday, 16 December, the council will find out what sort of financial settlement they will receive from the Welsh Government for the next financial year.
“We have the council tax base for each community across Powys, starting at Abbeycwmhir all the way to Ystradgynlais which gives us a base of 62,396.70
“It’s gone up slightly, and is worth about £300,000 in additional tax.”
Adult services portfolio holder, Cllr Myfanwy Alexander, said: “What we are saying is there are more houses in Powys eligible to pay council tax? Do we know yet if this will be reflected in our population figures or are we talking about more households for the same number of people?”
Head of Finance, Jane Thomas, answered: “The figures have not been published yet. They will obviously be a key factor in the revenue support grant as will the calculation of our council tax base.
“It is a consideration to how (the) Welsh Government distributes the revenue support grant.
“The tax base will increase as we build more homes or more homes are available, it won’t necessarily impact on population as there are other factors as well.
“The revised figures for tax base and population will be published when we get the revenue support grant. We are expecting to get it on 16 December.”
The report explains that council tax is the adjusted number of chargeable dwellings in the council’s area belonging to each valuation band.
This is modified to take into account of a number of factors including the proportion applying to dwellings in each council tax band together with the number of discounts, exemptions, disablement reductions and premiums.
An estimate for losses is also made.
PCC uses figures prepared by the Valuation Office Agency as at October 31 for the council tax base calculation, PCC’s budget is made up of two elements, 70 per-cent comes from the Welsh Government’s revenue support grant and 30 per-cent from council tax.
This year’s total budget is £255.1 million with £174.291 million coming from the Welsh Government.
This was received on 19 December and was a 0.3 per-cent cut in grant from the Welsh Government.
PCC, along with nine other local authorities in Wales, saw a reduced level of funding.
PCC ranked joint 18th of the 22.
On Monday, 16 December, the council will find out what sort of financial settlement they will receive from the Welsh Government for the next financial year.
Head of Finance, Jane Thomas, has told cabinet members the date as they agreed the council tax base setting at their meeting this week. Setting the Council Tax base is a legal requirement.
Finance portfolio holder Cllr Aled Davies, said: “This is one of the fundamental building blocks of the council tax. This is report is to formally set the council tax base for the next financial year 20/21. It’s an annual statutory requirement.“We have the council tax base for each community across Powys, starting at Abbeycwmhir all the way to Ystradgynlais which gives us a base of 62,396.70
“It’s gone up slightly, and is worth about £300,000 in additional tax.”
Adult services portfolio holder, Cllr Myfanwy Alexander, said: “What we are saying is there are more houses in Powys eligible to pay council tax? Do we know yet if this will be reflected in our population figures or are we talking about more households for the same number of people?”
Head of Finance, Jane Thomas, answered: “The figures have not been published yet. They will obviously be a key factor in the revenue support grant as will the calculation of our council tax base.
“It is a consideration to how (the) Welsh Government distributes the revenue support grant.
“The tax base will increase as we build more homes or more homes are available, it won’t necessarily impact on population as there are other factors as well.
“The revised figures for tax base and population will be published when we get the revenue support grant. We are expecting to get it on 16 December.”
The report explains that council tax is the adjusted number of chargeable dwellings in the council’s area belonging to each valuation band.
This is modified to take into account of a number of factors including the proportion applying to dwellings in each council tax band together with the number of discounts, exemptions, disablement reductions and premiums.
An estimate for losses is also made.
PCC uses figures prepared by the Valuation Office Agency as at October 31 for the council tax base calculation, PCC’s budget is made up of two elements, 70 per-cent comes from the Welsh Government’s revenue support grant and 30 per-cent from council tax.
This year’s total budget is £255.1 million with £174.291 million coming from the Welsh Government.
This was received on 19 December and was a 0.3 per-cent cut in grant from the Welsh Government.
PCC, along with nine other local authorities in Wales, saw a reduced level of funding.
PCC ranked joint 18th of the 22.
By Elgan Hearn, Local Democracy Reporting Service
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