Commercial activities ‘could ease council budgets’
Author: Judith Ugwumadu, Public Finance |
Around 100 could be shaved off council tax bills by 2020 as local government becomes more innovative and entrepreneurial, the Localis think-tank has predicted.
Its predication follows a survey of 150 senior local government members and officers who projected that earnings from entrepreneurial activities would rise from 6% of council budgets ? equivalent to approximately 10bn in 2012/13 ? to 18% by 2020 ? around 27bn. This means local authorities would generate an additional 2bn each year, equivalent to 100 off each 2019/20 council tax bill.