Swaffham calls for £2.61 tax bill hike
SWAFFHAM Town Council is being recommended to ask for an extra four per cent from taxpayers in its share of next year's council tax bill, when it meets tomorrow.
Members of the finance and general purposes committee last week called for the increase, which would add 2.61 to the average Band D taxpayer’s bill and bring the council 162,552 in total.
Town clerk Richard Bishop said the sale of eight acres of allotment land at Day’s Field and Shoulder of Mutton, estimated to raise a minimum of 3.5 million, would clear the council’s loans.
At least 2.5 million could then be invested and the interest used to attract further funding into Swaffham, with a separate 500,000 pot for larger capital projects and a 250,000 fund for improving the remaining allotments.
But he warned councillors that until the land was sold, a careful check needed to be kept on cash flow as the town’s financial reserves were running low and it might be wiser not to start spending on some projects until later in the financial year.
Email to a friend
Print this page
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for King's Lynn
Sunday 27 May 2012
Today
Sunny
Temperature: 9 C to 26 C
Wind Speed: 17 mph
Wind direction: East
Tomorrow
Sunny
Temperature: 10 C to 24 C
Wind Speed: 10 mph
Wind direction: North
