Taunton Deane is to increase the borough’s share of Council Tax by 3.47% – the equivalent of a £5 a year increase for the average Band D property. This means Taunton Deane share of the overall bill will rise to £149.62 per year – £147.88 for all TDBC services and a £1.74 levy for Somerset Rivers Authority.
This means that the average Band D council taxpayer will receive all Taunton Deane services at a cost of £2.87 a week, with the majority of their tax going to somerset county council and the police authority..
Taunton Deane Borough Council has seen its core funding cut by 37% over the past three years and the coming year – 2017-18 – will see further substantial reductions. In all, over the years between 2013/14 and 2019/20 funding will have reduced by some £3.3m per year which is a cut of 55% (61% in real terms):
However, New Homes Bonus money of up to £16.6m has been promised for growth and development funding over five years and this commitment will continue despite pressures on public finance, says TDBC.
The spending would be spread across the five years and include:
- £3m – Taunton Strategic Flood Alleviation
- £2.5m – Major Transport Schemes
- £2.5m – Town Centre Regeneration
- £4m – Employment site enabling and promoting enterprise and innovation
- £4m – Supporting urban extension delivery
Part of this funding will be used to bring forward the planned major employment site adjacent to J25 on the M5. It is anticipated this site alone will generate up to 4,000 new jobs – a major boost to the local economy.
Taunton Deane’s share of Council tax is about 10% of the overall bill which includes sums for Somerset County Council, Police, and fire services plus a parish precept in parished areas.
Taunton Deane’s council housing tenants will see rents decrease by 1%, in line with Government requirements, with the average rent in 2017-18 falling to £82.52 per week.