Daventry District Council (DDC) approved a 1.99 per cent increase on its portion of the council tax bill at a key meeting held last week.
The rise in the council tax bill was parcelled up with a number of measures forming DDC’s 2015/16 revenue budget worth £9.679 million and will see residents of Band D properties paying an extra £2.50 a year, equivalent to roughly five pence per week.
The budget includes the authority’s medium term financial plan, which takes account of a 15.6 per cent reduction in its funding from central government through the Local Government Finance Settlement.
Measures identified to bridge the deficit for the next financial year include new income streams from the recent fruition of invest-to save projects such as the joint Rainsbrook Crematorium development with Rugby Borough Council and the new homes for private rent at Middlemore.
Council staff have reviewed the budgets of different teams, with cuts totalling £153,000 to be made.
Investment proposals contained include plans to spend £3.178 million building a new 30,000 sq ft facility for a Daventry roofing products specialist Hambleside Danelaw, next to its headquarters.
There are also plans to spend £45,000 of capital funding to improve and extend the car park for visitors at the country park in Northern Way, Daventry.
Cllr Jo Gilford, resources portfolio holder at DDC, said: “We have planned ahead carefully as an authority over the past five years in order to tackle our financial challenges and secure the future of the services we provide to our community.
“Our consistent strategy has focused on having less reliance on central Government grants, with the eventual aim of being self-sustaining. That prudence is reflected in this budget.”