Where does the money come from?
This chart shows how the council is funded:
Revenue Support Grant
This is a grant from the Welsh Government. The amount we receive is calculated based on information like population, poverty, road lengths and how rural or urban the area is. The council decides how to spend this money.
These are also sometimes known as non-domestic rates. It is a property tax paid on business and other non-domestic properties. The Welsh Government decides how much the rates should be. Councils collect the money and pay it into the Welsh Government’s non-domestic rates pool. The government then redistributes the money to all the councils in Wales, according to their populations.
Grants for specific purposes
This is money received from the Welsh Government and the council has to spend it on something specific, according to the Welsh Government’s priorities. For example, this could be funding to be spent on schools, transport, or housing.
Local residents pay council tax. The amount you pay depends on your house’s banding, which is based on the house’s value.
Other funding sources
We also receive income from fees charged for certain council goods and services, for example licences and planning permission.
The council has to account for its investment in its fixed assets (capital) separately from the day to day running of the organisation (revenue). Fixed assets are things like buildings, roads, schools, vehicles, information technology equipment and so on that will last for a long time. Capital projects will buy, repair, refurbish and develop assets so they can continue to be used in the future. Annual investment in capital projects ranges from £30-£40m and is likely to increase over the next four years with the delivery of an ambitious corporate plan.
You can get more detailed information on the council's budgets and spending in the Budgets and Finance section.