Issue - meetings

Report of Head of Strategic Planning and the Economy

Purpose of report

To provide members of Budget Planning Committee with an update on the business rates position as at the end of Quarter 1 of the 2016-2017 financial year.

Recommendations

The meeting is recommended:

 1.1        To note the report.

Resolved

(1)  That the report be noted.

The Chief Finance Officer submitted a report which summarised the Council’s Business Rates performance for the financial year thus far in 2016-1017.

The Committee raised concern about the removal of the Car Park at Bicester North from the Rating List which accounted for a large proportion of the reduction of Rateable Value for Quarter 1. The Business Support Unit Manager would provide a response to Committee members outside of the meeting explaining the reason for its removal.

Resolved

(1)  That the report be noted.