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Navigating Local Government Finance and Governance Uncertainties: Insights and Strategies for Future Success

Explore the impact of political changes on local taxation, finance, welfare reform, and enforcement regulations in this comprehensive address discussing strategies for stability. Learn about the role of local government in economic recovery and the importance of maintaining professional standards.

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Navigating Local Government Finance and Governance Uncertainties: Insights and Strategies for Future Success

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Presentation Transcript

  1. The Presidential Address Richard Harbord CPFA FCCA IRRV (Hons) FIDP FBIM FRSA IRRV National President

  2. They may be trouble ahead! • The Institute • Governance • Membership • Finance • Local Government Finance • Uncertainty is the keyword • Will a labour Government make any difference? • Local taxation • Council Tax • Non Domestic Rates • Welfare Reform • Housing Benefit • Universal Credit • Council Tax Reduction • SFIS • Enforcement reform • Interpretation of the regulations • Fees and charges • Valuation • The economy • Europe

  3. The Institute • Governance • Size of Council • Council and Committee meetings • Achieving change! • Membership • Needs to grow • Back to basics • New qualifications • Finance

  4. Local Government Finance • Uncertainty is the theme • Will a local authority go into administration? • The next Autumn Statement will be interesting • The deficit has been delegated to the poor and local government • What will be the impact of a change of government?

  5. Local Taxation - Council Tax • The need for a revaluation • Time for a wholesale review, not tinkering around the edges • As a tax on domestic property it has been a resounding success, but • A review is needed in the light of the wider reforms • The impact of Council Tax Reduction

  6. Local Taxation - Business Rates • Dramatic change in England • Postponement of the revaluation • Rates retention • The new proposal rules • The Valuation Office Agency • The Review • A stable element of financing local government in Northern Ireland with a revaluation in 2015 • Scotland and Wales, no change, yet!

  7. Welfare Reform • Housing Benefit • Managing the changes • Local Government has delivered! • Universal Credit • A situation report • National Audit Office Report • Public accounts Committee • The Wave One report! • The role of local government • Single Fraud Investigation Service • Beware of Greeks bearing gifts!

  8. Enforcement Reform • Working in partnership with the public sector • Interpretation of the new regulations • Dealing with the vulnerable debtor • Beware the media • Fees and charges • The education process • Certification

  9. Valuation • The importance of a stable valuation profession in the current economic crisis • Maintaining professional standards • Enforcing integrity in the profession • The foundation of economic recovery • The European Union and the stimulation of property tax

  10. European Valuation Standards • It’s rightful place in the valuation world • A position of prominence in the European Union • The 2012 standards are now published • The Recognised European Valuer (REV) is now established, and is credible measurement of quality • European Mortgage Directive

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