78 Council tax calculation by local precepting authorities in England
Localism Act 2011 (2011 c 20) | Legislation

78  Council tax calculation by local precepting authorities in England

Before section 50 of the Local Government Finance Act 1992 insert—

“49A Calculation of council tax requirement by authorities in England

(1)     In relation to each financial year a local precepting authority in England must make the calculations required by this section.

(2)     The authority must calculate the aggregate of—

(a)     the expenditure the authority estimates it will incur in the year in performing its functions and will charge to a revenue account for the year in accordance with proper practices,

(b)     such allowance as the authority estimates will be appropriate for contingencies in relation to amounts to be charged or credited to a revenue account for the year in accordance with proper practices,

(c)     the financial reserves which the authority estimates it will be appropriate to raise in the year for meeting

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