Council tax budget summary 2024/2025

View the council's budgets, income and expenses from 2024 to 2025.

Budget summary 2023/24 (£'000) 2024/25 (£'000) Difference (%) Per band D property (£)
Net budget 20,722 20,816    
Less income        
Business rates (5,913) (5,623)    
New homes bonus (319) (998)    
Government Revenue Support Grant (inc. S31 and Transition Grant) (2,290) (1,397)    
Total 12,200 12,798    
Plus (or less)        
Collection fund deficit (or surplus) 0 0    
Expenditure to be met by council tax payers 12,200 12,798    
Divided by equivalent number of Band D properties 52,373 53,348    
Canterbury tax level (Band D) 232.92 239.89 2.99% 6.97
Add        
Kent County Council precept 1,534 1,611 4.99% 76.59
The Police and Crime Commissioner for Kent's precept 243 256 5.35% 13.00
Kent & Medway Fire and Rescue authority precept 87 90 2.99% 2.61
Council tax level (Band D) 2,098 2,197 4.73% 99.17

Our total outstanding borrowings from external organisations on 31 March 2024 (known as loan liabilities) were estimated at £182m.