The draft rate estimates for December show a 2.99% increase in residents’ rate bills, while business in the borough could face a higher rate of 24.7613 pence, up from 24.0426 pence per pound.
The Authority needs to raise approximately £ 54m to provide all services, compared to the £ 51.8m required for this fiscal year and £ 51.45m during 2020/21.
The Northern Ireland Audit Office has warned of “long-term challenges” to local government finances.
While the short-term financial impact of Covid-19 epidemics on local councils has been offset by “additional central government funding, there are long-term challenges to the council’s services and finances,” said Collet Kane, a local government auditor. Will “
The Antrim and Newtownabbey Council are prepared to take on higher staff costs, including payroll inflation, increasing employers’ national insurance contributions, inflationary costs and energy prices.
Funding has already been allocated for high profile events this year, including Her Majesty’s Platinum Jubilee celebrations and the Women’s Euro football finals.
Last year, the council feared a 35% drop in business rates and a m 0.5m loss in household prices as a result of the epidemic.
In June, an update presented to councilors found that Borough Council lost about 100 jobs as a result of cost-cutting measures. The report says that the cost-cutting process has resulted in a total reduction of 96 staff.
Of these, 36 were obtained through “non-filling of unnecessary posts” and four through resignations and retirement.
It was estimated that the loss of employment would result in the local authority saving ابتد 2.5m per year on an initial cost of 6 1.6m.
The authority has asked the community department to “invest” the cost, which means it could be “written off” over the next four years.
At an audit meeting earlier this month, Michael Goodman, counselor for the Glengarmley Sun Fan, said the local authority was “not in the worst financial situation we thought we would be.”
“Given that we’ve cut back on community planning and economic growth, wouldn’t it make more sense to put the money invested in resuscitation services that we will fund?” “
He pointed out that the council had “a significant amount in reserves” and questioned where the money came from.
Sandra Cole, the council’s interim deputy chief executive for finance and governance, raised اہم 5.9m from the general fund of the Authority’s reserves through access to the furlough scheme and funding from the government, as well as “significant savings” made within the council. Reported an increase of up to m 6m. Services during cove epidemic.
Last year, the local authority had a total value of £ 92.6 million.
Michelle Weir, Local Democracy Reporter
Bin service warning because of fear of strike.