³ÉÈË´óƬ Tax Explained 2024
The ³ÉÈË´óƬ has agreed it’s budget for 2024/25, and is planning to invest a total of £185million into providing services for the people of Blaenau Gwent. The Budget seeks to protect the frontline services most valued by residents and keep the ³ÉÈË´óƬ Tax increase as one of the lowest in Wales
The agreed budget will see funding for Social Services of £53.5m, Schools £56.3m, and Environmental Services £36m. The budget for the ³ÉÈË´óƬ Tax Reduction Scheme has been maintained at £10m to provide financial assistance to eligible local residents.
For the next financial year, the ³ÉÈË´óƬ has recognised the impact the continuing high levels of inflation is having on household budgets, and has agreed to support the budget with a contribution from reserves of £1.5m, this is the second consecutive year that reserves will be used to balance the budget and has resulted in the ³ÉÈË´óƬ minimising the increase in ³ÉÈË´óƬ Tax levied by Blaenau Gwent CBC to 4.95%.
The ³ÉÈË´óƬ will continue to monitor budgets closely throughout 2024/2025, and for the medium term, the ³ÉÈË´óƬ is continuing with its strategic financial programme called Bridging the Gap, which will enable it to plan its spending in line with its funding. Within this framework, the ³ÉÈË´óƬ will be looking at further ways to achieve reduced costs and increase income, whilst mitigating the impact on services.
Ìý
Your ³ÉÈË´óƬ Tax Bill 2024/2025
Comparison of 2023/2024 and 2024/2025 Estimated Net Revenue Expenditure.
Ìý Ìý Ìý Ìý Ìý Ìý ÌýPortfolio |
Ìý Ìý Ìý Ìý Ìý2023/ 2024 |
Ìý Ìý Ìý2024/ 2025 |
Ìý Ìý Ìý%Ìý ÌýIncrease |
Ìý |
Ìý ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý£000 |
Ìý Ìý Ìý Ìý Ìý£000 |
Ìý |
Corporate Services |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý18,633 |
Ìý Ìý Ìý Ìý 26,293 |
Ìý 41.11 |
Social Services |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý54,065 |
Ìý Ìý Ìý Ìý 53,159 |
Ìý -1.68 |
Active Living and Learning |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý69,011 |
Ìý Ìý Ìý Ìý 69,032 |
Ìý Ìý 0.03 |
Economy |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý 1,356 |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý470 |
Ìý -65.33 |
Environment |
Ìý Ìý Ìý Ìý Ìý Ìý 29,260 |
Ìý Ìý Ìý Ìý28,183 |
Ìý -3.68 |
Planning & Licensing |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý1,543 |
Ìý Ìý Ìý Ìý Ìý1,145 |
Ìý -25.80 |
Other |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý150 |
Ìý Ìý Ìý Ìý Ìý Ìý124 |
Ìý -17.19 |
Total Net Revenue Expenditure |
Ìý Ìý Ìý Ìý Ìý 174,018 |
Ìý Ìý Ìý 178,406 |
ÌýÌý |
Ìý
How the Budget is Funded
Funding Source |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 2024 / 2025 |
Ìý |
Ìý |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý £000 |
Ìý Ìý Ìý% |
³ÉÈË´óƬ Tax |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý40,196 |
Ìý Ìý21.6 |
Revenue Support Grant |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý119,663 |
Ìý Ìý64.4 |
Reserves |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 1,500 |
Ìý Ìý Ìý0.8 |
NNDR |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 24,381 |
Ìý Ìý13.1 |
Total |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 185,740 |
Ìý100.0 |
Ìý
Capital Expenditure
In 2024/2025 the ³ÉÈË´óƬ estimates that it's total Capital Expenditure will be as follows:
Ìý |
Ìý Ìý Ìý Ìý Ìý Ìý 2023/24 |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý 2024/25 |
Ìý |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý £000 |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý£000 |
Other Services |
Ìý Ìý Ìý Ìý Ìý Ìý 73,233 |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý28,145 |
Total |
Ìý Ìý Ìý Ìý Ìý Ìý 73,233 |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý28,145 |
Ìý
Estimated Financial Reserves
Revenue Reserves – dedicated general reserves are estimated to stand at £13.0 million at the year end.
Ìý
Standard Spending Assessments
The ³ÉÈË´óƬs Standard Spending Assessment for 2023/2024 has been determined by the National Assembly for Wales asÌý £171,843 for 2023/2024 and £178,361 for 2024/25.
Authority’s Budget Requirement
The Authority’s budget requirement for the year 2023/2024 is £181,850 and £185,740 for 2024/25.
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³ÉÈË´óƬ Tax For Each Area 2024/2025
Band/ Community |
Ìý Ìý Ìý A |
Ìý Ìý B |
Ìý Ìý ÌýC |
Ìý Ìý D |
Ìý Ìý E |
Ìý Ìý F |
Ìý Ìý G |
Ìý Ìý ÌýH |
Ìý Ìý Ìý I |
Abertillery & Llanhilleth |
1567.96 |
1829.28 |
2090.61 |
2351.94 |
2874.60 |
3397.24 |
3919.90 |
4703.88 |
5487.86 |
ÌýBrynmawr |
1530.46 |
1785.54 |
2040.62 |
2295.70 |
2805.86 |
3316.01 |
3826.16 |
4591.40 |
5356.64 |
ÌýNantyglo &Ìý ÌýBlaina |
1538.76 |
1795.23 |
2051.69 |
2308.15 |
2821.07 |
3333.99 |
3846.91 |
4616.30 |
5385.69 |
ÌýTredegar |
1536.90 |
1793.06 |
2049.21 |
2305.36 |
2817.66 |
3329.96 |
3842.26 |
4610.72 |
5379.18 |
ÌýEbbw Vale /Ìý ÌýCwm /Ìý Beaufort |
1512.95 |
1765.11 |
2017.27 |
2269.43 |
2773.75 |
3278.06 |
3782.38 |
4538.86 |
5295.34 |
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Precepts and Levies
The following bodies have precepted upon Blaenau Gwent CBC:
Ìý |
Ìý 2023/24 |
Ìý ÌýBand DÌý ÌýEquivalent |
Ìý 2024/25 |
Ìý Band DÌý ÌýEquivalent |
ÌýGwent Police |
Ìý6,752,190 |
Ìý Ìý324.52 |
Ìý7,317,677Ìý | Ìý Ìý349.52 |
Ìý |
Ìý Ìý 289,000 |
Ìý Ìý Ìý62.58 |
Ìý Ìý381,131 | Ìý Ìý 82.51 |
Ìý |
Ìý Ìý Ìý 43,000 |
Ìý Ìý Ìý25.40 |
Ìý Ìý 45,000 | Ìý Ìý 26.27 |
Ìý |
ÌýÌýÌýÌý 91,170 |
Ìý Ìý Ìý33.78 |
Ìý 105,000 | Ìý Ìý 38.72 |
Ìý |
ÌýÌý 159,161 |
Ìý Ìý Ìý33.60 |
Ìý 171,098 | Ìý Ìý 35.93 |
Ìý
The following bodies have levied the sums indicated on the ³ÉÈË´óƬ
Organisation |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 2023/2024 |
Ìý Ìý Ìý 2024/2025 |
Ìý Ìý Ìý%Ìý ÌýIncrease |
Brecon Beacons National Park |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý32,130 |
Ìý Ìý Ìý Ìý Ìý 32,130 |
ÌýÌýÌýÌýÌý 0 |
Fire Service |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý 3,953,469 |
Ìý Ìý Ìý 4,167,800 |
Ìý Ìý 5.42 |
Coroner's Court |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý152,010 |
Ìý Ìý Ìý Ìý Ìý174,980 |
Ìý 15.11 |
Total |
Ìý Ìý Ìý Ìý Ìý Ìý Ìý 4,137,609 |
Ìý Ìý Ìý 4,374,910 |
Ìý Ìý 5.74 |
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