1. That the Collection Fund Council Tax Base for 2022-2023 be set at 64,936.94 Band D equivalents.
2. That the Collection Fund Business Rates, also referred to as Non-Domestic (NDR), Net Rate Yield for 2022-2023 be set at £65.6 million.
3. That authority be delegate authority to the Leader of the Council in consultation with the Director of Finance to approve amendments to:
a. The final Business Rates Net Yield as required as a result of changes to the NNDR 1 form (National Non-Domestic Rates return) by the Department for Levelling Up, Housing and Communities or data revisions and changes in projections;
b. The Council Tax Base as a result of any data revisions and changes in projections.
4. That the impact on the draft budget strategy for 2022-2023 including the headlines arising from the Spending Review 2021 be noted.
5. That it be noted that the final budget report presented to Cabinet in February 2022 would reflect the outcome of the settlement and detailed budget work for 2022-2023, including a review of all budget reduction proposals and the risks associated with their delivery.
6. That it be noted that for the purposes of the budget setting process an increase in council tax of 1.99% and a 1% adult social care precept is assumed for 2022-2023, in line with the Spending Review Statement.