Decision Maker: Council

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: January 29, 2025

Purpose:

Content: RESOLVED to agree:   1.  In accordance with the Local Authorities (Calculation of Council Tax Base) (England) Regulations 2012, the amount calculated by Hackney Council as its Council Tax Base for 2025/26 shall be 78,754.1 Band D equivalent properties adjusted for non-collection. This represents an estimated collection rate of 94%.   2. In accordance with The Non-Domestic Rating (Rates Retention) Regulations 2013, Hackney’s non-domestic rating income for 2025/26 is forecast to be £208,868,663. This comprises three elements.   ·  £77,052,987 which is payable in agreed instalments to the Greater London Authority. ·  £63,092,743 which is retained by Hackney Council and included as part of its resources when calculating the 2025/26 Council Tax requirement. ·  £68,722,933 which is payable in agreed instalments to Central Government.   3.  To note that no changes are proposed to the current CTRS scheme in 2025/26.