Budget and Council Tax 2023-2024
The household increase in council tax for the Town Council will be 4.8%, an increase of £6.66 per year, or 13p per week (Band D equivalent will now be £141.57 per year, lower bands pay less, higher bands pay more).In general, you can see what each council does for its proportion of the Council Tax here: https://www.ivybridge.gov.uk/councils
The Town Council has used its reserves where possible to minimise any increase, but some areas of Council expenditure have seen double digit inflation in areas which are unavoidable such as energy, but the Council worked hard to budget for an increase at around half the rate of inflation.
Other Councils, such as SHDC have many other sources of income including central government and other grants such as the New Homes Bonus and Rural Services Delivery Grant. They are also limited to a 2.9% or £5 increase else they have to go to a referendum, and so they have proposed to raise their element by the maximum level possible - £5 per year (Band D equivalent). They require more Council Tax per household than the Town Council at £185.42 per household (Band D equivalent).
The Town Council only has one source of income – the precept which is its share of the Council Tax. And so it must earn the rest of the money required to run the rest of its services through charges for those services and partnerships.
This coming year the residents should see:
- the results of investment in The Watermark to significantly reduce energy costs for lighting
- investment of up to £100,000 in Play Areas and more for upkeep
- funding of a new job to help groups and organisations to gain external funding (in partnership with Totnes Town Council who have successfully done this before)
- management and investment in around 100 acres of public parks and woodland for the benefit of all residents
- continued provision of access to arts, cinema and entertainment at The Watermark for residents, schools and other groups
- quality jobs for local people who put money back in to the local economy, the lowest paid of which are paid a living wage
- increase in the general community grants budget to help groups in the town deliver support to the community
- engagement and support of young people including through supporting new facilities with partners such as Skate South Devon
- support of Citizens Advice service to run a weekly session in the town
- provision free rooms to be used for community use such as English lessons for Ukrainian guests, group AGMs etc
- support of the creation of a community fridge
- on going work with the District and County Council to help them understand Ivybridge needs in the areas they are responsible for such as active travel, wellbeing, youth, economic development etc
- work with agencies with the power to reduce anti social behaviour
- increase the towns resilience to climate change and other emergencies
- protect and campaign for better care and improvement of our river and built environment- and much more.
Full details of the Council Budget can be found on the website here: https://www.ivybridge.gov.uk/reports-and-audits