Where funding comes from
Where the Council's funding comes from.
Contents
Overview
We plan to spend £291.4m in 2025 / 26 to provide services for South Tyneside's residents, including £129.6m on education.
Most of our money comes from Government (around 73%) either through our revenue support grant, dedicated schools grant (funding for education) or from business rates. The remaining 27% of our money comes from the council taxpayers.
We expect to receive council tax income of £79.9m in 2025 / 26.
Where we expect our money to come from in 2025 / 2026
Revenue Funding: 291.4m
- Council Tax: 27.4%
- Revenue Support Grant: 6.5%
- Business Rates: 18.6%
- Dedicated Schools Grant: 44.5%
- Contribution from Reserves / Collection Fund / Services Grant: 3.0%
- Parking Revenues: <1%
Business rates
The amount that local businesses pay is calculated by applying a multiplier set by the Government to the rateable value of a property.
The Government introduced a new system of accounting for Business Rates from 2013 / 14 in that the Council is now allowed to retain a proportion of Business Rates collected with Government Grant being reduced accordingly.