Issue - meetings

Retained Business Rates Update

 

 

Meeting: 24/03/2023 - Greater Manchester Combined Authority (Item 18.)

18. Retained Business Rates Update (key Decision) pdf icon PDF 587 KB

Report of Councillor David Molyneux, Portfolio Lead for Resources & Investment.

Additional documents:

Decision:

1.      That the forecast, as at the end of quarter 3, for 2022/23 business rates income including the 75:25 split between districts and GM investment be noted.

 

2.      That the planned income for 2023/24 be noted.

 

3.      That the proposed 2023/24 GM use of the 2022/23 business rates income (set at 25% of total benefit) be approved.

 

4.      That the proposal to bring back any further in-year commitments should the year end income exceed that forecast at quarter 3 be approved.

 

5.      That the position in respect of the devolution trailblazer deal for Greater Manchester be noted.

 

6.      That the comments of the GM Overview & Scrutiny Committee as fed back by Chair Councillor John Walsh be received and noted.