Decision details

Purpose of Report: To update the Executive Member on the impact of business rates on the York economy.

The Executive Member will be asked to note the contents of the report.

-       The Council aims to give the same 28 day notice of non-key decisions as it does for key decisions. However, in this instance this item will not have been on the forward plan for 28 days before the decision is taken. The date of this decision session has had to be rescheduled and this is the only available date on which this meeting could be rearranged for this item to be considered.

Resolved: That;

a)   A guide to National Non-Domestic Rates (NNDR)  and how the system for charging and collecting them works be noted.

b)   Details of the contribution that retained business rates now make to Council budgets be noted.

c)   The flexibilities that City of York Council has in terms of providing relief on those rates, our current policies and take-up levels be noted.

d)   An analysis of the specific impacts for the city centre  be noted.

e)   A consultation process is commenced with business organisations in the city for a review of locally determined policies and future representations on national policies with business rates.

Reason:     To be updated on the economic impact of Business Rates for York and its city centre.