Revenue spending plans

The total revenue Budget Requirement for the City Council for 2026/27 is expected to be £256.7m.

• Contribution to Reserves and Balances: £174,000
• Government Grants: £77,717,000
• Estimated Collection Fund Surplus 31 March 2026: £2,534,000
• Retained Business Rates: £64,111,000
• Council Tax Requirement 2026/27: £112,545,000 (Band D equivalent £1,908.41)
• Total: £240,527,000

Council Tax base: 58,973.4

Budget requirement – Amount a Council needs to fund its spending from Council Tax, non-domestic rates and the revenue support grant.

For further information on the budget, visit Agenda for Full Council on Tuesday 24 February 2026.

The total revenue Budget Requirement for the City Council for 2025/26 is expected to be £240.5m.

• Contribution to Reserves and Balances: £81,000
• Government Grants: £61,523,000
• Estimated Collection Fund Surplus 31 March 2025: £3,679,000
• Retained Business Rates: £67,548,000
• Council Tax Requirement 2025/26: £107,858,000 (Band D equivalent £1,817.62)
• Total: £240,527,000

Council Tax base – 59,340.0

Budget requirement – Amount a Council needs to fund its spending from Council Tax, non-domestic rates and the revenue support grant.