Where the money comes from
We plan to spend £263 million in 2012-13 to provide services for South Tyneside's 153,700 residents, including £108m on education.
Most of our money comes from Government (around 78%) either through our revenue support grant, the early intervention grant, dedicated schools grant (funding for education), or from business rates.
The remaining 22% of our money comes from the Council Taxpayers.
We expect to receive council tax income of £58 million in 2012-13.
Where we expect our money to come from in 2012-13
Revenue funding £263m
- Council Tax 22%
- General Government Grants 37%
- Dedicated Schools Grant 41%
Business Rates
Business rates are organised on a national basis.
The amount that local businesses pay is calculated by applying a rateable value formula set by the government.
The Council collects these rates on behalf of Central Government, who then redistribute the amounts back to Councils on the basis of population.
