“East Devon District Council say they are taking a ‘more commercial approach to generate income’ as they tackle a predicted budget deficit of £735,000.
A Council Tax increase of £5 a year, giving a Band D council tax of £136.78 a year for 2018/19, is recommended for approval by the council’s cabinet committee when they meet on Wednesday night.
But Cllr Ian Thomas, the council’s portfolio holder for finance, said that as only 25 per cent of income is generated through council tax, they need to find alternative ways of raising money.
Cllr Paul Diviani, Leader of East Devon District Council, said: “The council is developing a more commercial approach to generate income for key council services but as we take our various ideas forward, consultation will be key – for example, consultations about various car parks and public toilets and consultations about other initiatives including how we can make our assets more commercial and income generating.” …
… Future reductions combined with other budgetary pressures mean that the Council’s Medium Term Financial Plan (MTFP) is currently predicting a budget deficit of £0.735m in 2018/19, rising to £3m by 2020/21 and potentially to £5.4m by 2027/28. …”