Council tax budget summary 2023/2024

View the council's budgets, income and expenses from 2023 to 2024.

Budget summary 2022/23 (£'000) 2023/24 (£'000) Difference (%) Per band D property (£)
Net budget 18,805 20,722    
Less income        
Business rates (5,073) (5,913)    
New homes bonus (1,604) (319)    
Government Revenue Support Grant (inc. S31 and Transition Grant) (534) (2,290)    
Total 11,593 12,200    
Plus (or less)        
Collection fund deficit (or surplus) 0 0    
Expenditure to be met by council tax payers 11,593 12,200    
Divided by equivalent number of Band D properties 51,260 52,373    
Canterbury tax level (Band D) 226.17 232.92 2.98% 6.75
Add        
Kent County Council precept 1,461 1,534 5.00% 72.99
The Police and Crime Commissioner for Kent's precept 228 243 6.57% 15.00
Kent & Medway Fire and Rescue authority precept 82 87 6.01% 4.95
Council tax level (Band D) 1,998 2,098 4.99% 99.69

Our total outstanding borrowings from external organisations on 31 March 2023 (known as loan liabilities) were estimated at £178m.