Fazeley Town Council receives its share of council tax from Lichfield District Council via the annual Precept and following prudent management of the Town Council’s finances by all Town Councillors, the Precept has again been set at £57,872.00.
Reserves in the Town Council’s annual budget have risen to £23,816.10, an increase of ££16,956.05 over the same period, and Business and Town Works Committee expenditure for 2014/15 has increased to £73,820.00.
Town Mayor, Cllr Simon Clements, said, “It is great news for the residents of Fazeley that we can yet again freeze our share of the council tax. Thanks to yet more prudent management of the budget by the whole of the Town Council, we are able to present a balanced budget with a frozen precept and an increase in reserves for the coming year.”
The 2014/15 budget, which received cross party support, was proposed by Cllr Richard McDermid, seconded by Cllr Alex Farrell and voted through unanimously by all councillors present.