Setting the council tax
Most of the council’s net revenue expenditure is paid for by government grants. The remainder is raised through council tax.
The level of council tax is determined by the scale of the council’s spending plans (budget), the amount of grant received from the government and the size and makeup of the housing stock (known as the council tax tax-base).
We then add the amounts that Merseyside Police Authority and the Merseyside Fire and Rescue Service determine as their own precepts.
2012/13
The council has set a Council tax requirement of £164 million for 2012/13.
We have taken into account the general purpose government support of £318 million. It has also accepted the council tax freeze grant of £4m offered by the government. This grant is equivalent to a 2.5% increase in council tax.
We have set our own share of the total council tax for a band D property at £1308.14. There is no increase to the council’s own share of the council tax since 2011/12.
The Merseyside Police Authority and the Merseyside Fire and Rescue Service have set a council tax for a band D property at £150.62 (3% increase from 11/12) and £67.36 (4% increase from 11/12).
The total band D council tax set for Liverpool will therefore be £1,526.12. There is a 0.5% increase from 2011/12.