Council tax will rise slightly in South Cambridgeshire after the district council (SCDC) yesterday (Thursday, February 7) agreed its budget.
SCDC has to make tough savings targets following a third successive year of 25 per cent cuts to grant funding from government.
Over the last four years around £5 million of efficiency savings have already been delivered by SCDC and the latest reduction to funding from government now means further savings will be needed equivalent to over £20 for every band D home in the district.
Councillors approved absorbing almost 90 per cent of the reduction in funding by finding savings of £300,000 in 2014/15 and another £790,000 in 2015/16 – equivalent to over £18 per average band D home.
A proposed 1.99 per cent increase in council tax was also agreed – equivalent to £2.40 a year for band D properties.
To minimise the impact of cuts to grant fundingSCDC is set to invest an initial £7 million pounds in a housing company which will generating an income to spend on SCDC services residents want and need.
Cllr Simon Edwards, SCDC deputy leader and cabinet member for finance, said: “As we have already delivered around £5 million of efficiencies there are no easy answers for us to balance the budget.
“There is no doubt this is a challenging period for all local authorities but we are absolutely committed to doing all we can to continue to provide the services people most need as well as maintaining the quality of life we all enjoy in South Cambridgeshire.”
For the full story and all the latest news see Thursday’s (March 6) Echo.