BS1033 Local Government – Continuity and Change 3. Local Authority finance.

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BS1033 Local Government – Continuity and Change 3. Local Authority finance

BS1033 Local Government – Continuity and Change 3. Local Authority finance Some figures: (1997) RevenueCapital Education, libraries33%14% Housing16% 38% Personal social services 15% 3% Fire,police,probation13% 3% Environmental 7% 17% Transport 5% 18%

BS1033 Local Government – Continuity and Change 3. Local Authority finance Revenue Support Grant= Needs Assessment (Standard Spending Assessment) - (Business rate x. local population Council tax x local population)

BS1033 Local Government – Continuity and Change 3. Local Authority finance Sources of funds (Revenues) Central Government Business rates18% Revenue Support26% Grants25% Local Government Council Tax12% Charges (rents), asset sales18%

BS1033 Local Government – Continuity and Change 3. Local Authority finance Council Tax (and rates) + Cheap to administer, difficult to evade, cheap to collect - Lump sum, annual rental value may be distorted, do not take into account ability to pay, some pay whilst ‘others’ benefit

BS1033 Local Government – Continuity and Change 3. Local Authority finance New Labour: Abolition of crude and universal capping (but reserve powers) Best Value (both quality and quantity) Secure continuous improvement (efficiency, economy, effectiveness) Private Finance Initiative (for schools in particular) - Design Build Finance Operate - Joint ventures)