Where our funding comes from

We plan to spend £215.4m in 2018/19 to provide services for South Tyneside's  residents, including £91.0m 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 £57.7m in 2018/19.

Where we expect our money to come from in 2018-19

Revenue funding £215.4m

• Council Tax 26.8%
• Revenue Support Grant 9.1%
• Business rates 22.0%
• Dedicated Schools Grant 42.2%
• Contribution to Reserves -0.1%
• 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 the 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.