Issue - meetings
Council Tax Taxbase 2017/18 and approval of NNDR1
Meeting: 18/01/2017 - Cabinet (Item 10)
10 Council Tax Base and Business Rates (NDR) Net Rate Yield 2017/18 
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[To set the estimates for the Wolverhampton Collection Fund for 2017/18]
Decision:
1. That the Collection Fund Council Tax Base for 2017/18 be set at 61,397.45 Band D equivalents.
2. That the Collection Fund Business Rates, also referred to as Non-Domestic Rates (NDR), Net Rate Yield for 2017/18 be set at £71.7 million.
3. That authority be delegated to the Cabinet Member for Resources in consultation with the Director of Finance to approve amendments to:
a) the final Business Rates net rate yield as required as a result of changes to the NNDR1 form (National Non-Domestic Rates return) by the Department for Communities and Local Government (DCLG) or data revisions and changes in projections;
b) the Council Tax Base as a result of any data revisions and changes in projections.
Minutes:
Councillor Andrew Johnson presented the estimates for the Wolverhampton Collection Fund for 2017/18, which the Council manages on behalf of local precepting bodies and central government.
Resolved:
1. That the Collection Fund Council Tax Base for 2017/18 be set at 61,397.45 Band D equivalents.
2. That the Collection Fund Business Rates, also referred to as Non-Domestic Rates (NDR), Net Rate Yield for 2017/18 be set at £71.7 million.
3. That authority be delegated to the Cabinet Member for Resources in consultation with the Director of Finance to approve amendments to:
a) the final Business Rates net rate yield as required as a result of changes to the NNDR1 form (National Non-Domestic Rates return) by the Department for Communities and Local Government (DCLG) or data revisions and changes in projections;
b) the Council Tax Base as a result of any data revisions and changes in projections.