Council Budget ProposalsPublished Thursday, 11th February 2016
At the meeting of the Council on 10th February 2016 Melton Borough Council considered it’s budget for 2016/17, setting out how much money it will receive and how much will be available to spend.
Following the recent funding announcements Melton is looking at a further loss of grant of £933k between 2015/16 and 2019/20 which is a 42% reduction in the main grant the council receives from the government. This is in addition to the previous reductions of £1.9m or 57% over the period 2010/11 to 2015/16.
In order to help rural councils such as Melton manage these future cuts in grant the Government is allowing them to increase their average council tax by a flat rate of £5 a year.Therefore, due to the ongoing funding pressures being faced Melton Borough Council have approved a 2.76% increase in Council Tax for Borough Council purposes in order to support the continued delivery of key services. This is an increase of £5 per annum or just under 10p per week in an average Borough Council Band D property. This also results in a balanced budget showing that the Council has lived within its means.
The cuts in Government funding that have already been announced and the uncertainties around further reductions yet to come as part of the governments approach to balancing the country’s financial deficit have placed Melton Council under significant financial pressure. The Council will be looking at how it can reduce costs further whilst protecting those services the public value as much as possible.
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