The PC have agreed to submit a precept increase for 17/18 of 7.2%. The current estimate is that this will be around £2 per year for a Band D property The reasons for the increase is two-fold:
Clerk's salary: The necessary alignment to nationally agreed salary bands for council employees. The plan is to fund the revised salary budget from the precept over a 3 year period with a nominal 6% increase in each year beginning 17/18. The shortfall in salary budget in each year will be funded by Reserves and/or efficiencies.
Inflation: CPI is currently 1.2% and is predicted to rise over the next year, however the PC has taken a relatively conservative approach by incorporating a 1.2% inflation related increase for 17/18.