The Local Finance Bill

SURVEY ON The Local Finance Bill Expectations and Impact How decentralising will the Local Finance Bill be? GAIN Do you project to gain or lose 53% financially from the localisation of Decentralising 69% LOSE Not at all 5% business rates? 47% 19% No effect In a few authorities 9% Local Gov. Parliament In some authorities 31% Will the localisation of business rates lead to a Very much so 55% two-tier system of top up and tariff councils? 19% Centralising Deal or No Deal? 95% In 2012, are you accepting the Government's deal of 2.5% and 80% In 2013, would you like another deal from the Government or prefer the freedom to change freezing council tax? council tax however 20% you feel appropriate? 5% DEAL NO DEAL NO DEAL DEAL Future Pressures After fiscal tightening and funding reductions, what do you consider the greatest medium and long term pressures on council finance? 0% 0% 0% 13% ШI 65% 54% 46% 40% Adult Social Care Council Tax Benefits Financing and Inflation Redesigning Services Childrens Services Council Tax Benefit Tax Increment Financing Does your authority envisage being able to assimilate the 10% reduction in cash available for council tax benefit through back office savings? Do you plan to make use of Tax Increment Financing (TIF) powers contained in the Bill? NO 86% NO YES 14% 66% YES 33% Technical details Between 1- 15 Feb, LGİU and the MJ surveyed a representative sample of 80 Directors or Heads of Finance in local government about their views on the Local Finance Bill. blog.lgiu.org.uk www.theMJ.co.uk LGiU THEMJ LOCAL GOVERNMENT INFORMATION UNIT 209 70%