
It is that time of year again, we have just got over Christmas and the new year, and now we are in budget time, having to fix the Council Tax. As I am sure you already know, all Local Authorities collect the resources (Formula Grant), they need to run the services they provide, mainly in two ways. One we get formula grant from the Government, who collects that from VAT, Income tax, business rates, etc, and the second from the Council Tax we all have to pay. Depending on how much the formula grant they give us, according to their complicated system, will then depend how much we have to collect from Council Tax Payers.