BARNSLEY Council will receive around 30m in business rates next year, a new report has been revealed.
The council currently retains 49 per cent of the business rates it collects, know as the 'local share'. A report said: "An estimate of the local share to be retained in 2023/24 has been made and totals £28.414m.
"This amount has been built into 2023/24 budgetary procedures.
"In addition, the council is required to notify central government and South Yorkshire Fire and Rescue Authority (SYFRA) of their share of business rates income. "The business rate baseline remains extremely volatile, with several key factors that can influence its position.
"It remains particularly vulnerable, and a rigorous monitoring process has been put in place with any material variations against the budget reported to Cabinet as part of the normal quarterly financial monitoring process."
The report will be discussed this week.
