Issued: January 16, 2017
Town council prepares for "another challenging year"
Waltham Abbey Town Council is increasing its precept by 1.95 per cent for the next financial year as it prepares for "another challenging year".
The council has had to accommodate a reduction of almost £25,000 in the money it receives from the Government for 2017-18.
At the same time it is looking to generate more income through hire bookings for its facilities - Waltham Abbey Town Hall and Town Mead.
Cllr Antony Watts, chairman of the Policy & Resources Committee, said: "Waltham Abbey Town Council has another challenging year ahead. The council has set its budget for 2017-18 after a detailed scrutiny of all the council's income and expenditure, and having taken into account the decrease in the support grant which we receive via the district council."
The council is hoping to increase the number of Town Hall and Town Mead Club bookings in the next year.
The increasing number of wedding bookings at Waltham Abbey Town Hall have already been welcomed by the council with the venue now available for ceremonies as well as receptions.
Cllr Watts added: "Our budget allows the council to make provision for long-term projects, such as the extension to the town cemetery, and the precept increase of 1.95 per cent - the equivalent of an additional £2.02 on each Band D council tax bill per year - will allow the council to keep its rolling five-year financial plan on track whilst maintaining robust reserves and investing in the future."