East Suffolk Council authorized a tax rise. Reserves are still needed for a funding shortfall, despite the increase.
East Suffolk councillors convened on Wednesday evening. They talked about the upcoming year’s budget.
Cllr. Langdon-Morris requested a Council Tax rise of 2.99 percent. It is the maximum allowed without a vote. This equals £5.58 extra per year for Band D homes. The total yearly bill would become £192.15. The Council Tax reduction plan will stay the same. It assists struggling locals with up to 91.5 percent off.
Cllr. Langdon-Morris said the government offered no added funding. The council’s core spending stayed the same as last year. Earlier this month, they planned to use £7.4 million in reserves. It would cover the upcoming year’s financial shortfall. Due to changes in business rates and parking fees, the amount decreased. Now they need £5.3 million, which the finance lead called an “achievement.”
The council must still address a £7.5 million gap in 2026/27. That gap will grow to £11.9 million by 2028/29.
The council promised money for projects despite these issues. The plans include Lowestoft Town Hall’s remodel. Also, they plan the First Light Festival’s return for three years.
Some opposition councillors offered critiques. However, they suggested no revisions to the proposals. In the end, the budget passed with 26 votes in favor.