FINANCE

More business rates lead to Reading making £1m reserves raid

Reading BC has been forced to raid its reserves by an extra £1m after collecting more business rates than forecast.

article-author
By Dan Peters | 14 June 2017

Reading BC has been forced to raid its reserves by an extra £1m after collecting more business rates than forecast.

The council's initial 2016/17 budget predicted using £6.8m of reserves but a report to a meeting of the policy committee this week said the final projected use of reserves would be £15.6m.

Dan Peters

Popular articles by Dan Peters

  1. Phillipson open to Government funding local grooming inquiries
  2. SEN expansion could be costly - IFS
  3. Peers praise 'effective and visible' Croydon leadership
  4. Jay distances herself from fresh inquiry calls

SUBSCRIBE TO CONTINUE READING

Get unlimited access to The MJ with a subscription, plus a weekly copy of The MJ magazine sent directly to you door and inbox.

Subscribe

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

Login

Already a subscriber?

Dan Peters

Popular articles by Dan Peters

  1. Phillipson open to Government funding local grooming inquiries
  2. SEN expansion could be costly - IFS
  3. Peers praise 'effective and visible' Croydon leadership
  4. Jay distances herself from fresh inquiry calls
footer-logo

©2024 Hemming Group Limited. Registered in England and Wales. Registered No: 490200. VAT number GB342 023 408