Draft budget includes plan to increase the Charnwood element of council tax

The Council’s draft budget for 2023/24 looks to spend around £20 million on services for the borough.

“The Charnwood element makes up about seven per cent of the bill and for that we provide a range of services for the borough – everything from recycling and refuse collections to operating leisure centres and Loughborough Town Hall.

“Yet again, for this budget we are squeezing the value out of every pound. We are having to use reserves to make up the difference between the funding we receive and the cost of running services but thanks to prudent financial management in the past, we can do this.

“This budget does include a proposal to increase the Charnwood element of council tax by £5 across the year, or about 9p a week. We do not want to raise even our small element of council tax, but we feel this is necessary to help protect frontline services and we will continue to look for ways to operate more efficiently

“Historically, Charnwood also has one of the lowest rates of council tax in the country.”

The Council’s draft budget for 2023/24 looks to spend around £20 million on services for the borough.

The Council is responsible for a wide range of services including; collecting recycling and refuse from more than 70,000 homes in the borough; supporting homeless people; managing open spaces including the Outwoods; street cleaning; town centre events and the annual four-day Loughborough Fair and operating a 24/7 CCTV system.

For more information about the budget, please read the report to Cabinet. There is also information available on this webpage - www.charnwood.gov.uk/budgetsummary 

The Council is also consulting on the draft budget and people can have a say via the web page. Comments must be received by midnight on Sunday, December 18.