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Monday, December 06, 2021

Accounts and finance

CIL & S106 Funding

The Community Infrastructure Levy (CIL) is a charge that local authorities can set on new development in order to raise funds to help fund the infrastructure, facilities and services - such as schools or transport improvements - which are needed to support new homes and businesses in the areas.

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Precept

Each year the Town Council calculates the money it needs to provide its services. Then it deducts the income it expects to receive from fees and charges such as rents and grants.  This leaves the required amount to spend on services and any capital projects which are planned for the year ahead.

The precept is the amount it levies on the Unitary Council (Bath and NE Somerset Council).  It is collected by them as a proportion of the total Council Tax paid by Radstock households. 

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