How are services paid for?
The Council receives income through a variety of sources:
- Council Tax and Business Rates
- Grants from the Government
- Income from charging e.g. parking
- Investments e.g. renting out commercial property
- Council Tax and Business Rates
Council Tax
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Did you know that Fareham Borough Council only receives 10% of the total council tax paid by residents? The majority goes to Hampshire County Council which provides services such as schools, adult social care and highway maintenance.
Of the Council Tax you pay (for a band D property) Fareham receives approximately £165. The average home in Fareham is a Band C property, which is charged £1,539.57 Council Tax, with Fareham receiving approximtely £146.
This year the overall income from Council Tax payers was £7,456,402. This represented approximately 15% of the £48.4 million gross revenue budget for the Council.
Did you know that Business Rates are set by the Government and not local Councils? We only keep around 6% of the business rates collected in the Borough with the rest going to other organisations e.g. Central Government, Fire Service and Hampshire County Council.