"Warwickshire county council has been warned by its executives that anything less than a 5% maximum council tax increase will put its financial viability at risk. In a report published on Thursday, the council's board said anything below a 4.99% council tax rise the equivalent to a 1.75 a week increase on a band D property is a riskier financial strategy that would threaten the medium-term sustainability of the local authority."
"The report stated that Reform had clearly set out its desire to avoid a maximum council tax increase but warned for every 1% reduction, the council would have to make further cuts of 4.2m. Several Reform-led local authorities are facing scrutiny after announcing proposals for council tax rises, including Kent, Leicester and North Northamptonshire, despite promises during the election campaigns to cut costs."
Warwickshire county council has been warned by executives that anything less than a 5% maximum council tax increase will put financial viability at risk. The council board said anything below a 4.99% rise, the equivalent to a 1.75 a week increase on a band D property, would threaten medium-term sustainability. Reform UK has the largest number of seats on the council but lacks an overall majority. The report warned that for every 1% reduction the council would need further cuts of 4.2m. Several Reform-led councils have proposed tax rises despite campaign promises to cut costs, and leaders say a freeze is aspirational but unlikely next year.
Read at www.theguardian.com
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