A draft budget heavily investing in play parks, affordable housing, flood alleviation and economic development has been supported by ELDC’s Executive Board.
At a meeting on Tuesday February 10, the Executive Board recommended to Council the draft budget, which includes £200,000 for improvements to play parks within the district, £1.495m for affordable housing, £1.2m towards flood alleviation schemes and £1m towards a scheme to bring super fast Broadband to the area.
The draft budget, set following a £1.9million (32%) reduction in Government funding, would see a rise of 13 pence per month for most households in their District Council Tax (the majority of households in the district are in band A).This means that East Lindsey residents would still pay the lowest rate of Council Tax in Lincolnshire.
Portfolio Holder for Finance, Councillor John Upsall, said: “Setting this year’s draft budget has once again been an extremely difficult task for us. It was important that we continue to invest in the things that are valued the most by our residents such as affordable housing for our families, improved equipment in play parks for our children and the economic development and growth of our communities.
“At the same time though, a reduction in funding means that we have had to highlight around £1.9million of savings for the 2015-16 year in addition to significant savings made in recent years. Tough budgetary decisions have had to be made in order to ensure that the Council can balance its books, as is required by law, but I feel that we will be able to deliver the required savings whilst protecting services to local people.”
Compass Point Business Services remains on track to provide in excess of £19m of savings over ten years and establishing Magna Vitae Trust for Leisure and Culture is also set to make significant savings in coming years.
ELDCs proportion of the current Council Tax bill is around 8 per cent, with the remainder divided between Lincolnshire County Council (75 per cent), Lincolnshire Police (14 per cent) and some Town and Parish Councils (average 3 per cent).
The decision whether to approve the Budget will be made on February 25.