Residents in Epping Forest will experience a slight increase in their Council Tax for Band D properties, as payments rise to £171.99 annually after a 2.99% increase. Despite this rise, the council maintains one of the lowest precepts in Essex. Councillor Chris Whitbread has pointed to inflation and higher national insurance costs as reasons for the increase while expressing frustration over the government's financial settlement. The council's financial health is bolstered by diversified income, including successful asset management and a recent land sale to Google, underlining its solid fiscal foundation.
Residents occupying an average Band D property will see their weekly payments to the district council rise by less than 10 pence, reflecting a 2.99 percent increase from 167.00 to 171.99 annually.
Councillor Chris Whitbread acknowledged the necessity of the precept increase due to inflation and higher employer national insurance contributions, expressing disappointment with the government's financial settlement.
Despite challenges, councillor Whitbread emphasised that Epping Forest District Council is in a stronger financial position than many others due to strategic investments and efficient service delivery.
The council's diversified income streams are crucial for financial stability, with significant revenues from assets such as Epping Forest Shopping Park and a recent land sale to Google.
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