This post was first published by My London on 26/02/2019.
This is how much your Council Tax in Croydon will go up by this year
The council says the rise is because of huge cuts in government funding.
Council Tax bills in Croydon are set to go up by nearly 5% in April.
The council’s cabinet proposed an increase of 4.88% when it met on Monday, February 25.
This means if you live in an average Band D property, you will be paying £1.55 more every week and an extra £40 per year.
If you lived in a Band D property in 2018/19 you will have paid a total of £1,257.18 this year up to April 2019. But next year, from April onwards, you will be paying £1,297.33.
This is made up of a 2.99% increase in the council tax for Croydon services, and a 1% increase in the adult social care precept.
It also includes the GLA (Greater London Authority) precept which has increased by 8.93%. Of that, 91% will be used to fund the Met police and 9% for London Fire Brigade.
The proposal to increase the Council Tax is expected to be rubber stamped at the council’s budget meeting on March 4.
Lisa Taylor, director of finance at the council, said 67% of Croydon’s funding comes from council tax, with £180m expected to flow in. Another £83m comes from business rates.
The council is planning to make an additional £12.6 million with the increase in council tax.
Cllr Simon Hall, cabinet member for finance, said the council is committed to protecting front-line services and stopping “the salami slicing of services”.
He said that the tax increase comes alongside cuts from central government, including a £7m a year cut in funding for unaccompanied asylum seeking children (UASC) and £15m a year in council tax support cut.
The budget for the next financial year includes an £11m investment in children’s services.
This is after Croydon’s children’s services were rated inadequate and the department was put in special measures in September 2017.
Cllr Hall added: “We are investing in this area to improve the services for our young people and make sure the level of staffing we have will only help this.”
Also at the meeting there was an update on the Medium Term Financial Strategy which outlines spending until 2022.
It shows that there is a budget gap of £26m over the next four years.
In 2019/20, the budget gap is £5.8m. It jumps to £12.5m in 2020/12 and stands at £7.7m in 2021/22.