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Cotswold Council Tax Will Rise By 2.9%
Cotswold District Council met on Tuesday 24th February and agreed an increase in its share of the council tax of 2.9%. This represents an increase of £3.98 per year or 7.5p per week for the average band D council tax payer. The increase is lower than the rate of inflation and the rise in state pensions.
At a meeting of the full council, members voted to approve the budget and council tax increase for the year. Cotswold District Council is also proposing to make year on year efficiencies and service savings of £4.7 million over the next three years in a bid to reduce costs. This is on top of savings made in previous years.
Like many other businesses the Council is experiencing financial pressure because of reduced income from services and lower returns on investments. To balance the books Cotswold District Council are proposing to make use of revenue reserves, which is money saved from previous years.
Lynden Stowe, Leader of the Council says:
“While we’d like to be able to put a freeze on council tax rises, we still receive a derisory grant from Government so are not able to do this.”
“We have strived to deliver an increase that is lower than inflation, lower than the increase in state pensions and lower than the national average increase in council tax.”
“The people of the Cotswolds also expect us to deliver value for money and that’s what we’re doing by making £4.7 million in year on year efficiencies and savings over the next three years.”
: 25/02/2009 01:06:49
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