Annual budget and council tax hike approved

Town Councillors have tonight approved their annual budget and precept request, resulting in an increase of £16.26 per year for a Band D property in Newtown.

Town councillors met tonight to finalise their annual budget and precept request. This marks the end of months of work towards the annual budget for Newtown & Llanllwchaiarn Town Council.

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As we reported last week, councillors were set to approve an increase of £16.26 per year for a Band D property or around 8%. Tonight, councillors discussed the merits of their budget and the positive impact made on residents of Newtown.

They ended up going with 'Option 2' - which saw cuts of £50,000 from the Woodland Way Play Park project and £6,000 from cleaning, along with other changes.

Councillors also approved their annual budget of £985,103. The budget is made up of income of £15,901 and a precept of £969,202.

More reporting to follow.