MEMBERS of Isle of Wight Council’s cabinet will meet next Tuesday (February 5) when they will discuss setting an in-line-with-inflation 3.9 per cent council tax increase.
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
Leader of Isle of Wight Council Councillor David Pugh said: “The council believes that it is important for our decisions about key issues such as the council tax are debated in public.
“The government has reduced the amount of grant made available to the council by around £11.658m over the next three years by taking money rightfully due to the Isle of Wight and giving it to other councils.
“However, we will continue to focus on providing first-class services to Island residents, in spite of the constraints placed on us by central government.”
