Precept in Honiton may not rise next year
Honiton Town Council discusses its budget for the next financial year.
PRECEPT: Honiton Town Council does not intend to raise its share of the council tax next year.
The council’s policy and finance committee on Monday discussed the budget for 2012-2013 and recommended that the precept remain at �167,793 - with those on a Band D council tax rating paying �40.55.
Savings have been made in a number of areas, such as council expenses, which include the mayor’s allowance and councillor training, dropping from �9,950 to �7,710.
As part of the budget, �60,000 will be set aside to make loan repayments for the proposed community complex.
The council has also drawn up a budget for the complex and estimated expenditure, including staffing, advertising/marketing, recruitment, printing and stationery at �10,000 - assuming the centre opens in the spring of 2013.
Capital expenditure has been estimated at �2.1m, including construction, professional fees and external works, with cash available to meet the cost.
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The budget will be discussed and ratified during next Monday’s town council meeting.