...

Draft town budget hints at rise in local taxes

By newtown.wales

2 months ago

News Politics Budget 23 Analysis

A meeting of Newtown & Llanllwchaiarn Town Council to be held on 21/11/22 at 18:30. All meetings are held in public and members of the public are welcome to attend online.

  View the meeting on Microsoft Teams »

The Newtown & Llanllwchaiarn Town Council draft budget for the next financial year hints a rise of just under £8,000 in the local precept, whilst still taking more than £89,000 from reserves.

The draft budget, which is due to be considered at the next meeting of the Resources committee on Monday 21st November 2022 hints at rise in the council tax precept of around £7,823, with the actual percentage increase to be determined.

The actual percentage rise will depend on the number of properties which are liable for council tax - a figure which changes year on year and something which Powys County Council's Cabinet is set to review in a two weeks time.

  What is Council Tax and how is it worked out?

Council Tax is paid by households based on the value of their property. The amount you pay is decided by three organisations - Powys County Council, Newtown & Llanllwchaiarn Town Council and the Police & Crime Commissioner.

Each organisation sets a budget which is divided by the number of properties in an area. The town council and police portions are called a precept. It is then collected by Powys County Council and paid to the three organisations.

To view your personalised breakdown of council tax for your property, sign up for a newtown.wales account and click on the 'View breakdown' link on your account page.

The draft budget as presented includes a movement from financial reserves of £89,010 to plug a funding gap between income and expenditure. This builds upon a £70,000 approved drawdown from reserves for the current financial year, further eroding the town council's reserves.

According to the town council's budget setting timetable, committees will now examine a third draft budget based on their requirements and work plans which will be examined in December. The full council will approve the next year's budget at a special meeting on the 11th January 2023.

 


Related or similar stories based on this one

...
Proposed town budget sees possible 3.5% increase in precept

1 month ago

...
Minimum two hour car park charge on the agenda

3 weeks ago

...
Town Council agree annual budget

3 weeks ago

Local Jobs

Click here to check out local jobs in the Newtown area.

Trending
Newtown man accused of driving with multiple drugs in his system

1 day ago

Man in hospital after being struck by car in Newtown

6 hours ago

Household water bills to rise by from April

2 days ago

Latest Stories
Obese teenager’s family ‘let down’ by health and social services, court hears

1 hour ago

Man in hospital after being struck by car in Newtown

6 hours ago

Newtown man accused of driving with multiple drugs in his system

1 day ago

Latest Local Jobs
Powys County Council - Teaching Assistant Level 3

£22,369 to £23,194 per annum pro rata

Supplies for Schools - Warehouse Assistant

unknown salary.

Newtown Town Council - Development Officer

£24,948 to £26,845 per year.