Council tax to rise by just £2.75 a year
The District Council’s share of council tax is set to increase by just £2.75 a year for the average householder.
The Cabinet have recommended a three per cent increase from April which will see an average Band D household paying £94.38, instead of £91.63 in the current financial year.
Councillors were originally recommended to back a £5 a year rise - the maximum allowable without a referendum - but a combination of a sound investment strategy and cost savings has meant the lower level can be set.
Cllr Toby Morris, Cabinet Member for Resources, said when fine detail had been included in the 2018/19 budget, the council had improved its position by £447,000. Rises in investment income from the Rural Services Delivery Grant had contributed to this.
He also highlighted how sharing services with Cotswold and Forest of Dean District Councils was saving £1m a year with a further £1.5m worth of efficiencies predicted following the establishment of the local authority owned company Publica in 2017.
Cllr Morris added: “A combination of improved income and efficient operation has meant residents will see a lower increase this year which has to be good news.
“We were already charging the second lowest council tax rate of any district council in the country and I am delighted to say that is expected to remain the case.”
The final decision on Council Tax will be made at the full Council meeting on 28 February.