Eastleigh Borough Council has, for the 15th year in a row, delivered a real-term cut in Council Tax for residents – after a meeting of the Full Council yesterday evening (Thursday 22 February) agreed the authority’s budget for the coming year.
For 2018-19, the average Eastleigh Borough Council element for a Band D household will be £128.93 (it was £130.07 in 2017-18) or just under £2.50 per week. Less than an eighth of the total Council Tax bill for Eastleigh Borough residents goes to the Council.
The revenue the Council receives from its property portfolio plays an important role in keeping Council Tax bills low, and is projected to be a net £10 million in 2018-19. An ongoing efficiencies strategy has also delivered significant savings.
Council Leader, Councillor Keith House, said: “This year’s budget is confirmation that Eastleigh Borough Council’s finances are in good shape. A combination of income from our property portfolio and a robust efficiencies strategy is delivering real-term cuts in our element of the Council Tax bill for residents. We have achieved this without the programme of service cuts that other local authorities have had to put in place simply to balance their budgets, and we are increasingly independent of wider central government support, which has declined from £7.7 million in 2010-11 to £3.7 million.”