Prescot Town Council Budget Statement
The Town Council are well aware of the financial pressures faced by our residents and have therefore worked extremely hard not to increase the precept over the last six years. The policy of the previous administration was to increase the precept year on year and as such the precept saw incremental rises with a cumulative effect of 18% or £11.68 over the four year period 2006/7 to 2010/11.
Relentless public sector funding cuts such as the scrapping of Council Tax Benefit have seen Prescot Town Council loose just over to £45,000 of funding in the last 4 years. In addition to this the Town Council have taken on additional services from KMBC at a cost of around £27,000 per year. Further known funding cuts for next year and the cost of transferred services mean that the cumulative financial pressures facing the council will rise to just over £96,000 since 2012/13. The sustained nature of the cuts has meant that after six years we must now put an increase on the Precept. The total increase of £7.23 per year per band D property can also be expressed as 14 pence per household per week, however as much of the town’s housing stock is below band D this rise could be as little as £4.82 per year or 9 pence per week.
This increase will raise approximately £20,000 helping to offset the income lost through the cuts and will enable Prescot Town Council to continue to deliver a high quality service to residents.
Budget statement
Prescot Town Council Budget Statement
The Town Council are well aware of the financial pressures faced by our residents and have therefore worked extremely hard not to increase the precept over the last six years. The policy of the previous administration was to increase the precept year on year and as such the precept saw incremental rises with a cumulative effect of 18% or £11.68 over the four year period 2006/7 to 2010/11.
Relentless public sector funding cuts such as the scrapping of Council Tax Benefit have seen Prescot Town Council loose just over to £45,000 of funding in the last 4 years. In addition to this the Town Council have taken on additional services from KMBC at a cost of around £27,000 per year. Further known funding cuts for next year and the cost of transferred services mean that the cumulative financial pressures facing the council will rise to just over £96,000 since 2012/13. The sustained nature of the cuts has meant that after six years we must now put an increase on the Precept. The total increase of £7.23 per year per band D property can also be expressed as 14 pence per household per week, however as much of the town’s housing stock is below band D this rise could be as little as £4.82 per year or 9 pence per week.
This increase will raise approximately £20,000 helping to offset the income lost through the cuts and will enable Prescot Town Council to continue to deliver a high quality service to residents.