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Southwark Council's finance
Southwark Council's finance 2013/14
To work out the tax for each band, we divide Southwark's total council tax requirement by a number known as the council tax base. This gives us the council tax for band D, with the other bands calculated as a proportion of this. This year band D is £912.14 which is £74,267,397 divided by 81,421.05 (council tax base).
What other services does my bill pay for?
Part of your council tax (£303.00) meets the costs of the Greater London Authority (GLA). This is known as the GLA precept and it covers the cost of police, fire and transport for the whole of London . The Mayor of London and the London Assembly set the GLA precept and Southwark Council has no control over this contribution. This year the GLA precept been reduced by £3.72 (1.21 per cent)
Where do the council's resources come from?
Redistributed business rates and business rates top up, 30 per cent
Revenue support grant, 47 per cent
Council tax, 23 per cent