Average council tax bill set to remain lowest in country
Published: Friday 3rd March 17
Wandsworth’s average council tax bill is on course to remain the lowest in the country after the council executive backed the 2017/18 budget plan at a meeting earlier this week.
The report will now go before the full meeting of the council on March 8 for final approval.
If voted through, the council’s share of the tax rate would increase by 3.99 per cent, 2 per cent of which will be ring-fenced to fund social care.
The Mayor of London has announced plans to increase his share on the bill by 1.5 per cent and the Wimbledon and Putney Common Conservators have agreed a rise of 6.1 per cent in the levy they charge for the upkeep of this green space. This charge applies to 27,090 homes surrounding the commons and the increase amounts to £1.64 per property for the year.
These changes combined mean the overall average band D tax rate would rise by £1.67 a month from April this year, if bills are split over 12 installments.
This takes Wandsworth’s average Band D council tax bill for the entire year to £700.04, which is around half the London average.
The report also shows that the council benefited from a record £13.288m new homes bonus payment in 2016/17 in reward for its successful regeneration and home building programmes. This funding will help offset the fall in government grant for the coming financial year.
Guy Senior, council finance spokesman, said:
“Like most councils we propose a modest increase in our tax rate for the coming year to help protect vital front line services from the impact of reduced government funding. Thanks to many years of prudent and robust financial management our average bills will likely remain the lowest in the country despite the increase.
“We continue to lead the way in developing new and innovative ways of reducing our spending, including our staff sharing arrangement with Richmond Council which is now helping us provide the same high quality services at a much reduced cost. We have also received a £13.2m new homes bonus as a direct reward for our successful regeneration and home building efforts. This money is being used to protect investment in local services and is just one of the ways our residents are benefiting from new investment in the borough.”