Finance Update 29 June 2016
Published: 01/07/2016
Finance Update 29 June 2016
We would like to keep you updated on changes to the Council’s finances caused by a combination of the national Business Rates Retention Scheme and the outcome of the business rates valuation appeal for Sellafield Limited (SL).
In short, there has been an adverse effect on our business rate income but we are planning to use some of our reserves in the short term to support this. There is no impact on jobs and statutory services because of this position. Some non-statutory projects may be put on hold.