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Home > News > Mid Suffolk adopts budget for 2019/20

Mid Suffolk adopts budget for 2019/20

Posted by on 21 February 2019 | Comments

Mid Suffolk District Council this week voted to approve their budget for 2019/20, including an increase in Council Tax of £3.26 for a Band D Property.

The budget which was voted on this evening (21 February), comes into effect on 1 April this year and will see Council Tax rise by just 2 per cent, equivalent to just £3.26p per annum for a Band D property.

The increase was voted through as Mid Suffolk sees its core Revenue Support Grant from central government fall to zero, down from £2.3m four years ago. However, the council also pledged to support the most vulnerable residents, with the Council Tax Reduction Scheme remaining in place and young people leaving care offered a new discount of up to 100%.

The key highlights from the meeting were:

  • An increase in Council Tax of 2 per cent, which will see a Band D property pay £3.26 more over the course of the year, with the smallest seeing an increase of just £2.17 per annum
  • No change in the Council Tax Reduction Scheme that will see the poorest residents pay just 5 per cent of their bill
  • A further £25 million, spread over two years, to be borrowed for investment in the CIFCO commercial property investment vehicle to generate future income
  • A decrease of 1 per cent in Council House rents, equivalent to an average rent reduction of 82p a week, with no change in Sheltered Housing Service Charges and garage rents and a 5 per cent increase in Sheltered Housing utility charges, equivalent to just 61p a week

Cllr John Whitehead, Mid Suffolk District Council’s Cabinet Member for Finance, said:

“The hard choices and difficult decisions we have taken over recent years – to reorganise our management structure and office locations and to establish and then build on our investments in a number of income-generating streams - have enabled us to propose a 2019/20 budget which protects and, in many cases, enhances our front-line services with only a modest increase in Council Tax. An increase which for yet another year is below the level of retail price inflation.  And indeed, that small increase in our Mid Suffolk share of the overall Council Tax bill has been made more, with an eye beyond 2019/20.

“In this last year of the Government’s present four-year Comprehensive Spending Review it remains difficult to forecast government grant levels, New Homes Bonus and business rates after 2020. The prudent assumptions we have built into the four-year outlook to 2023, however, give us the comfort and confidence that the robust state of our finances will enable us to meet any medium-term challenges whilst continuing to deliver the many varied and valued services on which our residents rely.”