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SCOTS COUNCIL TAXES MAY RISE AFTER PENSION FUND CHANGE

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Council tax bills in Scotland may rise to enable local authorities to meet the cost of changes in pension fund rule...
Council tax bills in Scotland may rise to enable local authorities to meet the cost of changes in pension fund rules,the Scotsman reports (p2).

The need to find at least $40m follows the government's decision to abolish advance corporation tax credits which have given councils extra money to reduce their contributions as employers.

Council pension fund officials also fear other factors could lead to a bill of£100m.

Council leaders are urging the Scottish Office to make an allowance in next year's financial settlement but if they fail council tax bills would rise by an average three per cent, assuming the cost is no higher than£40m.

In Glasgow employers' pension fund contributions are estimated to rise by£3.6m, adding about two per cent, or£20 to the middle-ranging band D council tax.
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