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Halstead: Council tax payments to be discussed this week
1:00pm Monday 14th October 2013 in News
The decision on whether Halstead taxpayers will escape council tax rises is set to be made in the coming months.
Halstead Town councillors are expected to meet this week and discuss the proposed annual budget for the next financial year.
For the past three years the precept part of the council tax, which is set by Halstead Town Council and pays for its services, has been frozen.
The last full audit of the town council bank accounts in November last year revealed it had £371,000 in total, of which £90,000 was capital receipts, which must be spent on buildings.
A further £176,916 was set aside for expenses, such as repairs to Queens Hall.
Of the remaining £101,506, about £40,000 had to be saved to cover three months of the council’s expenditure in case of any difficulties in receiving its share of council tax from the district council.
This left about £60,000 which had not been earmarked.
Since the audit the town council has paid for expenses such as a new £22,333 tractor, for which money was taken from the capital receipts and expenses, and about £12,000 was used towards the outdoor gym at the Courtaulds Sports Ground.
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