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Agenda item

BUDGET AND COUNCIL TAX 2018/19

To consider the proposals of the Mayor and Executive for the Council’s Budget and Council Tax 2018/19. Please note that this report includes the General Fund Revenue and Capital Budget and Medium Term Financial Plan Plan 2018/19 - 2020/21, the Housing Revenue Account and the Treasury Management Strategy Statement.

Minutes:

Mayor John Biggs moved, the budget proposals of the Mayor and Executive as set out in the agenda pack. Councillor David Edgar seconded the proposals.

Four amendments were moved as follows:

(i) Amendment proposed by Councillor Ohid Ahmed and seconded by Councillor Oliur Rahman

(ii) Amendment proposed by Councillor Rabina Khan and seconded by Councillor Abdul Asad

(iii)Amendment proposed by Councillor Andrew Wood and seconded by Councillor Chris Chapman

(iv)Amendment proposed by Councillor Shafiqul Haque and seconded by Councillor Abdul Mukit MBE. This amendment was accepted by the Mayor as a ‘friendly amendment’ and the substantive motion was adjusted as required

Following debate, the amendment proposed by CouncillorOhid Ahmed was put to a recorded vote and was defeated.

The Mayor and Councillors recorded their votes on the amendment as follows:-

Councillor	For	Against	Abstain	Absent
Khales Uddin Ahmed		x
Ohid Ahmed	x
Rajib Ahmed		x
Shafi Ahmed			x
Suluk Ahmed				x
Sabina Akhtar		x
Mahbub Alam	x
Shah Alam			x
Amina Ali		x
Abdul Asad			x
Craig Aston				x
Asma Begum		x
Mayor John Biggs		x
Rachel Blake		x
Chris Chapman		x
Dave Chesterton		x
Gulam Kibria Choudhury	x
Andrew Cregan		x
Julia Dockerill				x
David Edgar		x
Marc Francis		x
Amy Whitelock Gibbs		x
Peter Golds		x
Shafiqul Haque			x
Clare Harrisson		x
Danny Hassell		x
Sirajul Islam		x
Denise Jones		x
Aminur Khan			x
Rabina Khan			x
Shiria Khatun		x
Abjol Miah			x
Ayas Miah		x
Harun Miah	x
Mohammed Maium Miah	x
Mohammed Mufti Miah	x
Mohammed Abdul Mukit		x
Muhammed Ansar Mustaquim	x
Joshua Peck		x
John Pierce		x
Oliur Rahman	x
Gulam Robbani				x
Candida Ronald		x
Rachael Saunders		x
Helal Uddin		x
Andrew Wood		x
Total Votes	8	27	7

The amendment proposed by Councillor Rabina Khan was put to a recorded vote and was defeated.

The Mayor and Councillors recorded their votes on the amendment as follows:-

Councillor	For	Against	Abstain	Absent
Khales Uddin Ahmed		x
Ohid Ahmed			x
Rajib Ahmed		x
Shafi Ahmed	x
Suluk Ahmed				x
Sabina Akhtar		x
Mahbub Alam			x
Shah Alam	x
Amina Ali		x
Abdul Asad	x
Craig Aston				x
Asma Begum		x
Mayor John Biggs		x
Rachel Blake		x
Chris Chapman		x
Dave Chesterton		x
Gulam Kibria Choudhury			x
Andrew Cregan		x
Julia Dockerill				x
David Edgar		x
Marc Francis		x
Amy Whitelock Gibbs		x
Peter Golds		x
Shafiqul Haque			x
Clare Harrisson		x
Danny Hassell		x
Sirajul Islam		x
Denise Jones		x
Aminur Khan	x
Rabina Khan	x
Shiria Khatun		x
Abjol Miah	x
Ayas Miah		x
Harun Miah			x
Mohammed Maium Miah			x
Mohammed Mufti Miah			x
Mohammed Abdul Mukit		x
Muhammed Ansar Mustaquim			x
Joshua Peck		x
John Pierce		x
Oliur Rahman			x
Gulam Robbani				x
Candida Ronald		x
Rachael Saunders		x
Helal Uddin		x
Andrew Wood		x
Total Votes	6	27	9

The amendment proposed by Councillor Andrew Wood was put to a recorded vote and was defeated.

The Mayor and Councillors recorded their votes on the amendment as follows:-

Councillor	For	Against	Abstain	Absent
Khales Uddin Ahmed		x
Ohid Ahmed		x
Rajib Ahmed		x
Shafi Ahmed		x
Suluk Ahmed				x
Sabina Akhtar		x
Mahbub Alam		x
Shah Alam		x
Amina Ali		x
Abdul Asad		x
Craig Aston				x
Asma Begum		x
Mayor John Biggs		x
Rachel Blake		x
Chris Chapman	x
Dave Chesterton		x
Gulam Kibria Choudhury		x
Andrew Cregan		x
Julia Dockerill				x
David Edgar		x
Marc Francis		x
Amy Whitelock Gibbs		x
Peter Golds	x
Shafiqul Haque		x
Clare Harrisson		x
Danny Hassell		x
Sirajul Islam		x
Denise Jones		x
Aminur Khan		x
Rabina Khan		x
Shiria Khatun		x
Abjol Miah		x
Ayas Miah		x
Harun Miah		x
Mohammed Maium Miah				x
Mohammed Mufti Miah		x
Mohammed Abdul Mukit		x
Muhammed Ansar Mustaquim		x
Joshua Peck		x
John Pierce		x
Oliur Rahman		x
Gulam Robbani				x
Candida Ronald		x
Rachael Saunders		x
Helal Uddin		x
Andrew Wood	x
Total Votes	3	38	0

(Note: Councillor Maium Miah was not present for the voting on this amendment)

The substantive budget motion including the ‘friendly amendment’ were then put to a recorded vote and were agreed.

The Mayor and Councillors recorded their votes on the budget proposals as follows:-

Councillor	For	Against	Abstain	Absent
Khales Uddin Ahmed	x
Ohid Ahmed		x
Rajib Ahmed	x
Shafi Ahmed		x
Suluk Ahmed				x
Sabina Akhtar	x
Mahbub Alam		x
Shah Alam		x
Amina Ali	x
Abdul Asad		x
Craig Aston				x
Asma Begum	x
Mayor John Biggs	x
Rachel Blake	x
Chris Chapman		x
Dave Chesterton	x
Gulam Kibria Choudhury		x
Andrew Cregan		x
Julia Dockerill				x
David Edgar	x
Marc Francis	x
Amy Whitelock Gibbs	x
Peter Golds		x
Shafiqul Haque	x
Clare Harrisson	x
Danny Hassell	x
Sirajul Islam	x
Denise Jones	x
Aminur Khan		x
Rabina Khan		x
Shiria Khatun	x
Abjol Miah		x
Ayas Miah	x
Harun Miah		x
Mohammed Maium Miah		x
Mohammed Mufti Miah		x
Mohammed Abdul Mukit	x
Muhammed Ansar Mustaquim		x
Joshua Peck	x
John Pierce	x
Oliur Rahman		x
Gulam Robbani				x
Candida Ronald	x
Rachael Saunders	x
Helal Uddin	x
Andrew Wood		x
Total Votes	24	18	0

RESOLVED

1. That the contents of the report be noted

2. To note that there will be a review of the Adult Social Care Charging scheme during 2018/19 to evaluate its impact, to ensure that all recipients of Social Care are properly assessed and to see what additional safeguards or allowances can be introduced to ensure that those who contribute do so at a level that minimises charges while ensuring that a reasonable contribution is made towards the ever increasing costs of adult social care. We note that the crisis of adult social care funding is a creation of the Government, as a direct result of the cuts they have made in local government spending.

3. To note that the Burial Subsidy remains the same although is restricted to Kemnal park.

4. To note that the Council Tax, other that the ‘Adult Social Care Precept’ will be frozen for 2018/19, and that the Mayor has indicated his wish to continue with the lowest possible Council Tax compatible with meeting the needs of people in our community.”

General Fund Revenue Budget and Council Tax Requirement 2018-19

1. To agree a General Fund revenue budget of £343.730m and a total Council Tax Requirement for Tower Hamlets in 2018-19 of £93.777m as set out in the table below.

	Total	Savings			Growth		Adjustments		Total
Service	2017-18	Approved	Prior year deleted	New	Approved	New	Approved	New	2018-19
	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000
Health, Adult & Community	105,985	(1,985)	717	-	2,057	697	(2,821)	316	104,966
Public Health	33,521	(749)	-	-	(925)	-	-	-	31,847
Children Services	103,462	(2,313)	339	(300)	(135)	879	6	4,718	106,657
Place	64,610	(2,285)	200	-	578	(141)	1,823	1,392	66,176
Governance	12,751	(4)	-	-	-	-	-	100	12,847
Resources	25,095	(2,075)	-	-	(252)	80	(7,213)	615	16,250
Net Service Costs	345,424	(9,410)	1,256	(300)	1,323	1,515	(8,205)	7,141	338,743
Other Net Costs
Capital Charges	6,997	-	-	(1,458)	-	-	-	-	5,539
Levies	1,796	-	-	-	-	-	-	-	1,796
Pensions	13,290	-	-	-	-	-	-	-	13,290
Corporate Contingency	3,150	-	-	-	-	-	-	-	3,150
Other Corporate Costs	(25,097)	(4,150)	-	-	196	(1,860)	5,270	-	(25,642)
Total Other Net costs	135	(4,150)	-	(1,458)	196	(1,860)	5,270	-	(1,867)
Inflation	354	-	-	-	4,231	2,269	-	-	6,854
Total Financing Requirement	345,913	(13,560)	1,256	(1,758)	5,750	1,924	(2,935)	7,141	343,730
Funding
Revenue Support Grant
Retained Business Rates	(185,265)	(4,100)	-	-	-	8,275	-	-	(181,090)
Business Rates (London Pilot)	-	-	-	-	-	(8,000)	-	-	(8,000)
Council Tax	(85,837)	-		(7,940)	-	-	-	-	(93,777)
Collection Fund Surplus	-	-		-	-	-	-	-	-
- Council Tax	(1,000)	-		(1,500)	1,000	-	-	-	(1,500)
- Retained Business Rates	-	-		-	-	11,357	-	-	11,357
Core Grants
- Public Health Grant	(35,974)	-		-	925	-	-	-	(35,049)
- NHB	(19,330)	(5,000)		-	20,407	-	-	-	(3,923)
- Strategic School Improvement Fund	(2,772)	-		-	2,572	-	-	-	(200)
- Improved Better Care fund	(1,640)	-		(6,071)	-	-	-	-	(7,711)
- Additional Improved Better Care Fund grant (NEW)	(7,017)	-		-	-	-	2,821	-	(4,196)
- Adult Social Care Support Grant	(1,500)	-		-	1,500	(916)	-	-	(916)
- Local Lead Flood	(32)	(2)		-	-	-	-	-	(34)
Reserves
- Earmarked (Corporate)	(6,094)	-		-	-	-	114	(7,141)	(13,121)
- General Fund (Smoothing)	-	-		-	-	-	-	-	-
Total Financing	(346,460)	(9,102)		(15,512)	26,404	10,717	2,935	(7,141)	(338,160)

2. To agree a Council Tax for Tower Hamlets in 2018-19 of £986.14 at Band D resulting in a Council Tax for all other band taxpayers, before any discounts, and excluding the GLA precept, as set out in the table below:-

This incorporates a 2% increase on the previous year in respect of the Adult Social Care ‘Precept’ announced by the government in the 2017 budget.

BAND	PROPERTY VALUE		RATIO TO BAND D	LBTH COUNCIL TAX FOR EACH BAND £
BAND	FROM £	TO £	RATIO TO BAND D	LBTH COUNCIL TAX FOR EACH BAND £
A	0	40,000	6/9	657.43
B	40,001	52,000	7/9	767.00
C	52,001	68,000	8/9	876.57
D	68,001	88,000	9/9	986.14
E	88,001	120,000	11/9	1,205.28
F	120,001	160,000	13/9	1,424.42
G	160,001	320,000	15/9	1,643.57
H	320,001	And over	18/9	1,972.28

3. To agree that for the London Borough of Tower Hamlets in 2018-19:-

(a) The Council Tax for Band D taxpayers, before any discounts and including the GLA precept, shall be £1,280.37 as shown below:

	£ (Band D, No Discounts)
LBTH	986.14
GLA	294.23
Total	1,280.37

(b) The Council Tax for taxpayers in all other bands, before any discounts, and including the GLA precept shall be as detailed in the table below:

BAND	PROPERTY VALUE		RATIO TO BAND D	LBTH £	GLA £	TOTAL £
BAND	FROM £	TO £	RATIO TO BAND D	LBTH £	GLA £	TOTAL £
A	0	40,000	6/9	657.43	196.15	853.58
B	40,001	52,000	7/9	767.00	228.85	995.85
C	52,001	68,000	8/9	876.57	261.54	1,138.11
D	68,001	88,000	9/9	986.14	294.23	1,280.37
E	88,001	120,000	11/9	1,205.28	359.61	1,564.89
F	120,001	160,000	13/9	1,424.42	425.00	1,849.42
G	160,001	320,000	15/9	1,643.57	490.38	2,133.95
H	320,001	and over	18/9	1,972.28	588.46	2,560.74

4 To approve the statutory calculations of this Authority’s Council Tax Requirement in 2018-19, detailed in Appendix A to the Council report, undertaken by the Corporate Director Resources (Chief Financial Officer) in accordance with the requirements of Sections 31 to 36 of the Local Government Finance Act 1992.

5 To approve the Treasury Management Strategy Statement, the Annual Investment Strategy and the Minimum Revenue Provision Policy Statement as presented to Audit Committee on 23 January 2018.

6 To approve the General Fund Capital and Revenue Budgets and Medium Term Financial Plan 2018-2021 as amended following final settlement announcement as agreed by the Mayor in Cabinet on 30 January as set out in the report of the Mayor in Cabinet and summarised in the tables below.

Summary of Medium Term Financial Plan 2017-2021

		2017-18	2018-19	2019-20	2020-21
		£'000	£'000	£'000	£'000
Net Service Costs		361,985	345,913	343,730	331,895
Growth
	Approved	(16,344)	(1,416)	1,053	(7,458)
	New	15,517	6,796	(6,215)	7,515
Savings
	Approved	-	(13,560)	(13,174)
	Prior Year - deleted		1,256
	New	(20,396)	(1,758)	-	(9,030)
Inflation		5,150	6,500	6,500	6,500
Total Funding Requirement		345,913	343,730	331,895	329,422
Revenue Support Grant		(53,958)	-	(33,281)	(30,498)
Retained Business Rates		(131,307)	(181,090)	(139,555)	(139,555)
Business Rates (London Pilot)		-	(8,000)	-	-
Council Tax		(85,837)	(93,777)	(98,030)	(103,756)
Collection Fund Surplus
	Council Tax	(1,000)	(1,500)	-	-
	Retained Business Rates	-	11,357	-	-
Core Grants		(68,265)	(52,029)	(52,588)	(50,478)
Earmarked Reserves		(6,094)	(13,121)	(7,577)	(5,465)
Total Funding		(346,460)	(338,160)	(331,032)	(329,753)
Budget Gap (excl use of Reserves)		(548)	5,570	863	(331)
Unallocated Contingencies		-	-	-	-
Budgeted Reserve Contribution GF smoothing (Approved Feb 2017)		548	(5,459)		-
Budgeted Reserve Contribution		(0)	(111)	(863)	331
Unfunded Gap		-	0	-	-
		31/03/2018	31/03/2019	31/03/2020	31/03/2021
Balance on General Fund Reserves (£000s)		32,288	26,718	25,855	26,186

Detailed Analysis of the Medium Term Financial Plan by Service Area 2017-18 to 2020-21

	Total	Savings			Growth		Adjustments		Total	Savings		Growth		Adjustments		Total	Savings		Growth		Adjustments		Total
Service	2017-18	Approved	Prior year deleted	New	Approved	New	Approved	New	2018-19	Approved	New	Approved	New	Approved	New	2019-20	Approved	New	Approved	New	Approved	New	2020-21
	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000	£'000
Health, Adult & Community	105,985	(1,985)	717	-	2,057	697	(2,821)	316	104,966	(2,242)	-	2,125	814	(2,122)	(43)	103,498	-	(1,000)	-	3,499	(2,074)	4	103,927
Public Health	33,521	(749)	-	-	(925)	-	-	-	31,847	(411)	-	(730)	-	-	-	30,706	-	-	-	-	-	-	30,706
Children Services	103,462	(2,313)	339	(300)	(135)	879	6	4,718	106,657	(3,011)	-	(414)	-	(370)	(4,487)	98,375	-	(650)	-	-	(2,120)	2,000	97,605
Place	64,610	(2,285)	200	-	578	(141)	1,823	1,392	66,176	(1,781)	-	577	132	(225)	(219)	64,660	-	(580)	-	744	(1,598)	(98)	63,128
Governance	12,751	(4)	-	-	-	-	-	100	12,847	(4)	-	-	-	-	-	12,843	-	-	-	-	-	-	12,843
Resources	25,095	(2,075)	-	-	(252)	80	(7,213)	615	16,250	(525)	-	-	-	-	(200)	15,525	-	(1,900)	-	-	(1,666)	1,367	13,326
Net Service Costs	345,424	(9,410)	1,256	(300)	1,323	1,515	(8,205)	7,141	338,743	(7,974)	-	1,558	946	(2,717)	(4,949)	325,608	-	(4,130)	-	4,243	(7,458)	3,272	321,535
Other Net Costs
Capital Charges	6,997	-	-	(1,458)	-	-	-	-	5,539	-	-	-	-	-	-	5,539	-	-	-	-	-	-	5,539
Levies	1,796	-	-	-	-	-	-	-	1,796	-	-	-	-	-	-	1,796	-	-	-	-	-	-	1,796
Pensions	13,290	-	-	-	-	-	-	-	13,290	-	-	-	-	-	-	13,290	-	-	-	-	-	-	13,290
Corporate Contingency	3,150	-	-	-	-	-	-	-	3,150	-	-	-	-	-	-	3,150	-	-	-	-	-	-	3,150
Other Corporate Costs	(25,097)	(4,150)	-	-	196	(1,860)	5,270	-	(25,642)	(5,200)	-	2,212	(2,212)	-	-	(30,842)	-	(4,900)	-	-	-	-	(35,742)
Total Other Net costs	135	(4,150)	-	(1,458)	196	(1,860)	5,270	-	(1,867)	(5,200)	-	2,212	(2,212)	-	-	(7,067)	-	(4,900)	-	-	-	-	(11,967)
Inflation	354	-	-	-	4,231	2,269	-	-	6,854	-	-	4,440	2,060	-	-	13,354	-	-	-	6,500	-	-	19,854
Total Financing Requirement	345,913	(13,560)	1,256	(1,758)	5,750	1,924	(2,935)	7,141	343,730	(13,174)	-	8,210	794	(2,717)	(4,949)	331,895	-	(9,030)	-	10,743	(7,458)	3,272	329,422
Funding
Revenue Support Grant										-	-	-	(33,281)	-	-	(33,281)	-	2,783	-	-	-	-	(30,498)
Retained Business Rates	(185,265)	(4,100)	-	-	-	8,275	-	-	(181,090)	101,821	-	-	(60,286)	-	-	(139,555)	-	-	-	-	-	-	(139,555)
Business Rates (London Pilot)	-	-	-	-	-	(8,000)	-	-	(8,000)	-	-	-	8,000	-	-	-	-	-	-	-	-	-	-
Council Tax	(85,837)	-		(7,940)	-	-	-	-	(93,777)	-	(4,253)	-	-	-	-	(98,030)	-	(5,726)	-	-	-	-	(103,756)
Collection Fund Surplus	-	-		-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
- Council Tax	(1,000)	-		(1,500)	1,000	-	-	-	(1,500)	-	-	-	1,500	-	-	-	-	-	-	-	-	-	-
- Retained Business Rates	-	-		-	-	11,357	-	-	11,357	-	-	-	(11,357)	-	-	(0)	-	-	-	-	-	-	(0)
Core Grants
- Public Health Grant	(35,974)	-		-	925	-	-	-	(35,049)	-	-	730	-	-	-	(34,319)	-	-	-	-	-	-	(34,319)
- NHB	(19,330)	(5,000)		-	20,407	-	-	-	(3,923)	(5,000)	-	5,741	-	-	-	(3,182)	-	-	-	-	-	-	(3,182)
- Strategic School Improvement Fund	(2,772)	-		-	2,572	-	-	-	(200)	-	-	-	-	-	-	(200)	-	-	-	-	-	-	(200)
- Improved Better Care fund	(1,640)	-		(6,071)	-	-	-	-	(7,711)	-	(5,066)	-	-	-	-	(12,777)	-	-	-	-	-	-	(12,777)
- Additional Improved Better Care Fund grant (NEW)	(7,017)	-		-	-	-	2,821	-	(4,196)	-	-	-	-	2,122	-	(2,074)	-	-	-	-	2,074	-	-
- Adult Social Care Support Grant	(1,500)	-		-	1,500	(916)	-	-	(916)	-	-	-	916	-	-	-	-	-	-	-	-	-	-
- Local Lead Flood	(32)	(2)		-	-	-	-	-	(34)	(2)	-	-	-	-	-	(36)	-	36	-	-	-	-	(0)
Reserves																							-
- Earmarked (Corporate)	(6,094)	-		-	-	-	114	(7,141)	(13,121)	-	-	-	-	595	4,949	(7,577)	-	-	-	-	5,384	(3,272)	(5,465)
- General Fund (Smoothing)	-	-		-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Financing	(346,460)	(9,102)		(15,512)	26,404	10,717	2,935	(7,141)	(338,160)	96,819	(9,319)	6,471	(94,509)	2,717	4,949	(331,032)	-	(2,907)	-	-	7,458	(3,272)	(329,753)

LONDON BOROUGH OF TOWER HAMLETS

COUNCIL 21^ST FEBRURAY 2018

BUDGET & COUNCIL TAX STATUTORY CALCULTATIONS

SETTING THE AMOUNT OF COUNCIL TAX FOR THE COUNCIL'S AREA

1. That the revenue estimates for 2018-19 be approved.

2. That it be noted that, at its meeting on 9^th January 2018, Cabinet calculated 95,095 as its Council Tax base for the year 2018-19 [Item T in the formula in Section 31B of the Local Government Finance Act 1992, as amended (the “Act”)]

3. That the following amounts be now calculated by the council for the year 2018-19 in accordance with Section 31 to 36 of the Local Government Finance Act 1992 as amended and the Local Authorities (Alteration of Requisite Calculations) (England) Regulations 2011:

(a)	£1,285,757,063	Being the aggregate of the amounts which the council estimates for the items set out in Section 31A(2) of The Act. [Gross Expenditure]
(b)	£1,191,980,080	Being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(3) of The Act. [Gross Income]
(c)	£93,776,983	Being the amount by which the aggregate at 3(a) above exceeds the aggregate at 3(b) above, calculated by the Council, in accordance with Section 31A(4) of The Act, as its council tax requirement for the year. (Item R in the formula in Section 31B of The Act). [Council Tax Requirement]
(d)	£986.14	Being the amount at 3(c) above (Item R), all divided by Item T (2 above), calculated by the Council, in accordance with Section 31B(1) of The Act, as the basic amount of its Council Tax for the year. [Council Tax]

LONDON BOROUGH OF TOWER HAMLETS

COUNCIL 21^ST FEBRURAY 2018

BUDGET & COUNCIL TAX STATUTORY CALCULTATIONS

(e)	VALUATION BAND	LBTH £
	A	657.43
	B	767.00
	C	876.57
	D	986.14
	E	1,205.28
	F	1,424.42
	G	1,643.57
	H	1,972.28
Being the amount given by multiplying the amount at 3(d) above by the number which, in the proportion set out in Section 5(1) of The Act, is applicable to dwellings listed in a particular valuation band divided by the number which in that proportion is applicable to dwellings listed in valuation band D, calculated by the Council, in accordance with Section 36(1) of The Act, as the amount to be taken into account for the year in respect of categories of dwellings listed in different valuation bands. LONDON BOROUGH OF TOWER HAMLETS COUNCIL 21^ST FEBRURAY 2018 BUDGET & COUNCIL TAX STATUTORY CALCULTATIONS

4. That it be noted that for the year 2018-19 the Greater London Authority has stated the following amounts in precepts issued to the council, in accordance with Section 40 of the Local Government Finance Act 1992, for each of the categories of dwellings shown below:-

VALUATION BAND	GLA £
A	196.15
B	228.85
C	261.54
D	294.23
E	359.61
F	425.00
G	490.38
H	588.46

5. That, having calculated the aggregate in each case of the amounts at 3(d) and 4 above, the council, in accordance with Section 30(2) of the Local Government Finance Act 1992, hereby sets the following amounts as the amounts of Council Tax for the year 2018-19 for each of the categories of dwellings shown below:-

VALUATION BAND	TOTAL COUNCIL TAX £
A	853.58
B	995.85
C	1,138.11
D	1,280.37
E	1,564.89
F	1,849.42
G	2,133.95
H	2,560.74

LONDON BOROUGH OF TOWER HAMLETS

COUNCIL 21^ST FEBRURAY 2018

BUDGET & COUNCIL TAX STATUTORY CALCULTATIONS

6. That the council hereby determines in accordance with Section 52ZB of the Local Government Finance Act 1992, that its relevant basic amount of Council Tax for 2018-19 is not excessive in accordance with the principles approved by the Secretary of State under Section 52ZC of the Local Government Finance Act 1992. As the billing authority, the council has not been notified by a major precepting authority that its relevant basic amount of Council Tax for 2018-19 is excessive and that the billing authority is not required to hold a referendum in accordance with Section 52ZK of the Local Government Finance Act 1992.

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Agenda item

BUDGET AND COUNCIL TAX 2018/19