Budget of £483,000 approved by council
Sudbury Town Council has approved its budget for the next fiscal year, which includes no increase in council tax and a growing reserve fund.
The precept was announced at a full town council meeting on Tuesday when councillor Oliver Forder, who chairs the finance committee, gave a review of the finances before setting out next year’s budget.
For the current financial year, the council’s expenditure came to £516,000, which was £82,000 under budget – a saving which has allowed the council to increase its reserves to £73,000 and introduce a rolling capital fund of £15,000.
The approved budget for next year is £483,000.
Mr Forder said the council was committed to providing value-for-money services.
He added: “There has been a focus by all of us on what tangible things can be done for the people of Sudbury.”