Mid Suffolk District Council this week voted to approve their budget for 2018/19, including a modest 0.5 per cent increase in Council Tax.
The budget which was voted on this evening (22 February), comes into effect on 1 April this year and will see council tax rise by just 0.5 per cent, equivalent to 81p per annum for a Band D property.
The increase was voted through as Mid Suffolk faces further cuts in core funding from central government, which will drop to zero by 2019/20. However, the council has pledged that those most in need will pay no more than 5 per cent of their Council Tax bill as it continues its Council Tax Reduction Scheme.
The key highlights from the meeting were:
Cllr John Whitehead, Mid Suffolk District Council’s Cabinet Member for Finance, said: “As we allocate spending for the next year, we must be mindful that the money we collect and spend is money first earned by the taxpayer. As such we have a duty to ensure that we get value for money and work as efficiently as possible.
“In Mid Suffolk, we have a long history of prudent fiscal management; cost control; identifying efficiencies, and delivering outcomes within our budgets. Ongoing reductions in Central Government grants are challenging but with our robust reserves we can be confident that modest, below inflation annual increases in our Council Tax will allow us to maintain the services our communities need without putting our financial security at risk.”