The move will mean the bill for the borough council’s portion of the tax for the average Band D property will be £147.72 from this April.
Council leader, Mike Heenan, made the announcement in an amendment to the budget for 2014/15 at a meeting last night. The previous proposal had been to freeze council tax for a fifth year in a row.
Members were told last night (Tuesday) the authority was able to make the tax cut because the council is to receive more money from the government’s ‘New Homes Bonus’ grant than originally anticipated. The scheme rewards councils for the number of new homes in its area.
Councillor Heenan, said: “We have frozen council tax for the last four years while not taking away front line services for our community. But we know it has not been easy for residents so I am pleased we are able to give some of that bonus back to the hard-pressed taxpayers and hardworking families of the borough. It is right to return it to these people.”