East Lindsey District councillors approved the draft budget for the 2014-15 financial year, for consultation with local people and businesses. The proposals include a 2 per cent increase in council tax.
The local government finance settlement figures show that ELDC’s primary funding for the 2014-15 financial year will be reduced by around £1.9 million (13.9 per cent). This is due to a reduction in Rate Support Grant of nearly a quarter, but also slight increase in baseline funding available from business rates retained in the area.
This means that ELDC will have to make significant savings of around £1.9million in its budget for 2014-15 in addition to the £1.2 million of savings it is having to make in the current financial year.
ELDC’s Executive Board proposes to increase Council Tax by 2 per cent, meaning East Lindsey residents would still pay the lowest rate of District Council Tax in Lincolnshire if the budget is approved. People living in a Band B property would pay £1.79 a week for District Council services - just 8 per cent of the full Council Tax bill – with the remainder going to Lincolnshire County Council, Lincolnshire Police and some parish councils.
The Council’s portfolio holder for Finance, Councillor John Upsall, said: “Like families and businesses, councils are being required to take tough budgetary decisions to ensure they can balance their books and continue to provide vital services to local people, including some of the most vulnerable people in society.
“Our budget setting process has been rigorous and thorough. We have sought savings and new ways of working to ensure we can continue to maintain and improve service provision while heavily investing in areas which can create new opportunities and jobs in the district.”
Residents can have their say on the budget proposals before the ELDC considers its final budget on February 26.
Submit your views on the budget by visiting www.e-lindsey.gov.uk/consultation before January 31.