Council Tax & Finance

Most of us are familiar with the concept of budgeting. Whether the budget is for household expenses like shopping, clothes for the kids, mortgage or car, the principle is the same; cutting your cloth according to your means is the key to a well-managed budget (and Council).

At the Council the principle is the same; we have an income derived from things like council tax, rents and government grants and an expenditure on things like refuse collection, leisure facilities, housing and benefits.

Every year the Council constructs a budget which balances the needs of the Borough with the money available to deliver

On the Financial Services pages you can find out about our budget and financial plans, insurance arrangements and audit opinions.

Council Tax

We are responsible for collecting the council tax locally not only on behalf of this authority but also for Leicestershire County Council, Leicestershire Police Authority, the Leicester, Leicestershire and Rutland Combined Fire Authority and local Town or Parish Councils. What a lot of people don't know is that we are only responsible for spending a small amount of the tax we collect. The rest is handed straight over to the other agencies (see below). In fact for every £1,000 we collect we keep less than £80 and it's from this smaller amount that we part fund the services we provide.