Monday, 13 March 2017

Nocton news - March

Please note: pages 2 - 4 of the Nocton News for March can be downloaded by clicking on this link.

Parish and Town Council borrowing

This is a guide to the approval process. A quick calculation on the extra addition to the Council Tax for 2018/19 onwards due to the Public Works Loan (without interest charge included), might look as follows:

Public works loan: £500,000
Period of loan: 50 years
Repayment: £10,000 per annum
No of households: 338 [Nocton & Potterhanworth Draft Neighbourhood Plan]
Annual Council Tax increase: circa £30

Please note: figures are estimated and will need to be adjusted when real time information is known.

No comments:

Post a Comment

Note: All comments are moderated and will not be posted until screening has taken place. This is to ensure no foul language is posted online. Please leave your name if you are making a comment, even if it is just a first name - thank you.