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Bude-Stratton Town Council 2024/25 Budget Overview

15 January 2024

Bude-Stratton Town Council 2024/25 Budget Overview

Bude-Stratton Town Council have finalised the budget for the upcoming fiscal year (2024/25). This budget is crucial in sustaining the essential services provided to our community.

Key Budget Details: 
Total Budget £2,405,206
Income Sources The council generates income from properties, room rentals, and the car park.
Shortfall After offsetting income against projected expenditure, there remains a shortfall of £1,223,416.
Council Tax Information:
BSTC Element (Precept*) £1,223,416 (2024/25)
Comparison with Previous Year In 2023/24, the precept was £992,356.
Band D Property Annual Contribution £299.19 (2024/25), compared to £248.28 (2023/24).
Band D Property Increase £0.979 per week or £50.91 per year

*The Precept is the portion of Council Tax attributed to the Town Council.

Reasoning Behind the Increase:

We want to provide you with insight into the reasoning behind the increase in the Town Council element of the Council Tax. Despite our councillors’ efforts to minimise any increase, the unavoidable rise in the cost of goods and utilities has made it impossible for the town council to maintain last year’s zero increase.

Maintaining Essential Services:

Ensuring the continuity of essential services is our top priority. Despite the economic challenges, all town council services, including the maintenance of open spaces, play parks, public toilets, and the cemetery, will continue without disruption. The library, under the town council’s management, continues to thrive and there is still free access to the iconic Castle.

The 2024/25 budget allocates £20,000 for local grants and an additional £13,300 for a new school food programme.

Additionally, we are excited to announce upcoming projects, such as the completion of the Storm Tower and the installation of a new skate park. (Most of the funding for these projects has been secured through grants and is not included in the budget).

Council Tax 2024/25

Your overall Council Tax due for the coming fiscal year (2024/25) is determined by Cornwall Council. It supports facilities like police, fire, rubbish and recycling collections, schools, transport, and other local services. While our budget has been finalised for this period, Cornwall Council hasn’t shared theirs yet. When you receive your Council Tax letter from them, it will detail the costs for these services, including our portion as set out in this statement.

For a clear breakdown of how your Council Tax is structured, visit www.cornwall.gov.uk/council-tax/

All information on the town council’s finances is available by contacting the office.

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