MEMBERS of Isle of Wight Council’s cabinet have agreed an in line with inflation council tax increase of 3.9 percent.
If the proposals are agreed at a meeting of full council on February 20, council tax for a Band D property would be £1,215.80p excluding police and parish precepts
Cabinet is also being asked to recommend a savings target to full council of £12.37m over the next three financial years.
Savings will be achieved through greater efficiency in procurement and through modernisation and not by cutting front line services.
The council also aims to borrow £10m in each of the next three financial years to fund a number of capital investment programmes.
It is the first time on the Isle of Wight that the cabinet has agreed council tax proposals well in advance of full council’s annual budget setting meeting.
Leader of Isle of Wight Council Councillor David Pugh said: “This decision by the cabinet paves the way for full council to debate and agree upon an exciting package of measures when we meet to discuss the budget on February 20.
“It is also in line with the council’s pledge to maintain council tax increases in line with or below the inflation rate.
“We have taken the decision to discuss the budget in advance of the main council budget meeting as part of our commitment to open democracy.”
