Council tax hike set to hit Rochdale residents
14.02.2024 - 12:57
/ manchestereveningnews.co.uk
People living in Rochdale will be hit with a 4.99 per cent tax rise after initial approval from council bosses.
The taxpayer in Rochdale will not feel this hit straight away though as the council’s cabinet have proposed a one-off support fund, just like last year. The council will use their reserves - at an estimated cost of £2.8m - to give residents what would be a tax increase of 2.99 pc in reality.
This tax increase has been done in order to balance the books, with the annual spending for 2024/25 now estimated at £296.781m.
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This position is down to increased costs generally with particular financial pressure coming from demand in Children's Services as well as the adult social care sector. The adult social care Real Living Wage (RLW) pressure had initially added £3.6m to the budget.
Explaining the reasoning for the subsidy for council tax during the meeting held at Number One Riverside in Rochdale, council leader, Coun Neil Emmott said: “We do this because of the burden taken by the cost of living crisis in the UK and we don’t want to add to this where possible and alleviate that burden.
“We are one million miles away from issuing a Section 114 notice (bankruptcy) like other councils across the country.”
Other cabinet members present at the meeting echoed praise of the council’s financial position and thanked the finance team for their efforts on behalf of their ward residents. No cuts were planned as part of the budget announcements approved at the meeting either.
The central government provides a cap on the council tax increase a local authority can make before a referendum is required. The referendum limit for 2023/24 was a 4.99 pc increase.
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