Agenda for Overview and Scrutiny Panel on Monday, 16th January, 2023, 1.30 pm
Click Here To See The Agenda
‘Nearly’ everyone want more money/tax from us all – there is a squeeze, however Fendland District Council part of your/our rates have not increased for a number of years.
At next weeks Overview & Scrutiny Committee meeting –
The Draft Budget for 2023-24 will be on the agenda.
(Whittlesey Town Council will have on this weeks agenda – Budget 2023-24)
Council at its meeting on 18 July 2019, agreed to re-position the MTFS to show 0%
Council Tax increases through to 2023/24. This report extends the MTFS period
and 0% increases to 2027/28. The motion agreed by Council emphasised that 0%
increases in Council Tax throughout the MTFS period is an ambition and it was
recognised that the Council continues to face significant financial challenges and
uncertainties that may not allow this ambition to be met. These challenges and
uncertainties have been exacerbated by Covid-19.
9.4 The motion also stated that Members of the Council need to act responsibly each
year when setting the precept to balance the ambition of achieving a 0% Council
Tax rise with the legal need to balance the budget. It was agreed that raising
Council Tax in any of the next four years will be a last resort in order to minimise the
financial effects of Council Tax on all of Fenland’s households.
9.5 For information, an additional 1% increase in Council Tax in 2023/24 would
generate in the region of £81,000 of revenue per annum to the Council. Even with
this additional revenue included, the estimates for future years show a significant
and increasing shortfall (see Table 4 below).
FDC - Budget Report
