Cotswold DC Sets £10M Budget For 2008/09

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Cotswold DC Sets £10M Budget For 2008/09

Cotswold District Council's share of the Council Tax bill is set to rise by 3.5% - or just under 9p per week - it was agreed today.

A meeting of full Council set the authority's net budget for 2008/09 at £10.2m, resulting in a £4.64 increase for the average Band D household to £137.15 a year for District spending.*

Council Tax makes up a quarter of the Council’s budget, with a further 25% coming from central Government support. Around 40% is made up in income from fees and charges, with the remainder coming from interest on the Council's investments.

Council Leader Cllr Lynden Stowe said after the meeting: “The level of Council Tax reflects our aim to keep increases broadly in line with inflation and represents good value for money for the range of services we provide.

“Like all councils, we are facing increased financial challenges due to the rising costs of utilities and fuel and the increasing pressure on local authority pension funds.

“This year, Cotswold is seeing a reduction in Government support in real terms as rural districts have lost out to urban areas. We are left to find ways to bridge that gap and produce a balanced budget without passing on too much of the burden to our Council Tax payers.

“We're doing this by working more efficiently, such as joint working with other Councils, and by increasing or introducing fees and charges, such as car parks and green waste.”

Budget consultation carried out by the Council revealed that residents believe the 'user should pay' for services such as car parks, leisure, museums and public loos.

In 2008/09, the Council proposes to balance its budget by making an additional £1.5 million in income and a further £160,000 in efficiency savings.
Cllr Stowe added: “Drawing up the budget is a challenging task but we are certain our spending reflects our priorities of a cleaner, greener District; providing value for money and supporting our communities.”

Posted : 29/01/2008 18:59:55

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