Annual report 2018-19
Annual report - the Council's budget and your Council Tax
These pages offer further information on the Council’s budget and how tax payers’ money is spent in Swindon Borough. The information included does not include detailed figures, but instead gives an overview to try and make the complex Borough Council finances more understandable. More detail can be found on the Council and Democracy website.
This year council tax bills were delivered with a small booklet explaining more about council tax and the work Swindon Borough Council is doing. You can download a PDF version of this document below:
The Council’s budget – where the money comes from
The Council’s budget is the amount of money the Council has to spend in a financial year which runs from 1 April to 31 March the following year. We currently receive our money from Council Tax, Revenue Support Grant and Dedicated Schools Grant from Central Government, and Business Rates. In addition we generate income from fees, charges and other income.
The breakdown of these sources are shown below:
Council tax is raised from all householders eligible to pay tax in the borough. It is charged at different rates depending on the location and value of the property. More information can be found on the Council Tax Bands and Charges webpage.
Revenue Support Grant
Swindon Borough Council took up the offer of a multi-year settlement from the Government which provides certainty over our Revenue Support Grant until 2019-20. Over the past several years this grant has been decreasing and is due to disappear completely by 2020. The Revenue Support Grant the Council receives from Central Government has reduced from £13.6m in 2017/18 to £8.9m for 2018/19 (it reduced from £20.8m to £13.6m the year before).
Business rates are the equivalent of resident’s council tax but for businesses. The businesses pay the tax based on the size and value of the property they use in the borough. These rates also vary depending on the type of business. Currently business rates are collected by Councils and this is then shared between Central Government, the fire authority and the Council. In Swindon, the amount retained is 49% of the total amount collected. In future the government has indicated they want to change this and let councils keep more of the business rates they collect. Further details are available on the Business Rates webpage.
The Council raises income through a number of different services it provides including:
- car parking
- planning applications
- client contributions for care packages
- grants and contributions for specific projects
Some of the income raised goes straight back to the related service to contribute to that services’ costs and some income goes into the general funds to pay for all services.
Archived Council Tax Expenditure
For information relating to the Annual Report for 2017/18, please see the document download.
For information relating to the Annual Report for 2016/17, please see the document download.
For information relating to the Annual Report for 2015-16, please go to the Council Tax/Annual Report document download.