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.
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