Examines proposals set out in the Local Government Bill introducing major changes to local authority finance. Looks at capital finance and charging provisions set out in Parts I, IIand VII, payment of grants (Part III), Business Improvement Districts (Part IV), non-domestic rating provisions set out in Part V includes a separate rating multiplier for small businesses and the SoS will be able to prescribe a small business rate reduction. A revaluation of domestic property for council tax purposes in April 2005 with regular revaluations at 10-year intervals is proposed in Part V. To help council tax enforcements (Part VI) it is proposed that liability orders issued in error will be quashed. Housing finance provisions in Part VII will allow SoS to pay a new subsidy, the Housing Revenue Account, which will help local authorities with the cost of granting rent rebates to tenants. Proposals for setting up a new centralised Valuation Tribunal Service replacing the existing structure are set out in Part VIII. View Local Government Bill at www.parliament.uk/parliament/index.htm.