North Kesteven District Council has unanimously approved a £4.95 annual council tax increase for 2021/22 – just under 10p a week.
This means residents in a Band D property will pay £174.60 annually for the district council’s precept share, up from £169.65 the previous year.
This 2.92% increase in council tax was given the go ahead in Tuesday evening’s Full Council.
Cllr Richard Wright, Leader of North Kesteven District Council said in the meeting: “The council’s financial plan underpins all that we do as a council and projects a positive yet cautious future.”
He added that the “relatively small” council tax increase “will ensure the council continues to deliver its services and invest in a future that will provide a clean environment, and invest in the economy.”
Cllr Marianne Overton, Leader of North Kesteven Independents, said: “I am delighted to say that all of our requests are included and we are happy to support the budget.”
North Kesteven are expecting to receive approximately £1.5 million in grant support for 2020/21, which will still leave an expected deficit for the council’s general fund for the year of approximately £678,900 (as of December 31, 2020). This is to be financed from the Income Volatility Reserve.
By Wednesday evening, all Lincolnshire councils will have agreed on their budgets and council tax increases for 2021/22.