Council Budget ProposalsPublished Thursday, 5th February 2015
At the meeting of Full Council on 4th February, 2015 Melton Borough Council considered it’s budget for 2015/16, setting out how much money it will receive and how much will be available to spend.
For 2015/16 there has been a further reduction of 28.2% in the main grant the Council receives from the government which for Melton equates to £401k. Since 2011/12 the Council has seen a reduction in central government funding of 57% which equates to £2.2m.
Therefore, due to the ongoing funding pressures being faced by the Council for the first time since 2010 Melton Borough Council have approved a 1.9% increase in Council Tax for Borough Council purposes in order to support the continued delivery of key services. This equates to an increase of £2.86 per annum in a Borough Council Band D property. This also results in a balanced budget showing that the Council has lived within its means.
Further cuts are likely to be made to local government funding in 2016/17 as part of any new governments approach in balancing the country’s financial deficit.
The Leader of the Council, Byron Rhodes, said:
“I was pleased to present the budget proposals to Full Council on 4th February. With the continuation of significant cuts in central government support in order to ensure key services continue to be delivered the Borough Council is proposing for the first time in 5 years to increase the Council Tax. It has been a significant achievement in the previous years to maintain a Council Tax freeze given the recent economic climate and demonstrates how well this Council manages its finances”
The Council is about to commence consultation on its priorities in order to inform its budget for later years.
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