At a full council meeting on Wednesday 13 March, 2019 Peterborough City Council approved an increase to council tax by 2.99 per cent. Police and Crime Commissioner is rising by 12 per cent and the fire authority by three per cent.
What does this mean for Eye residents?
Band D residences will be paying an extra £64.98 this year. Eye also has the Parish precept. This is charged on each property in the parish to fund the running costs of the parish council and the activities it takes on behalf of the village. This year that is £35.49 for a band D property which will raise £54,750 for the Parish Council. Eye still remains pretty much in the middle of the table with regards the cost of the precept, with villages such as Souththorpe (£8.36) and Orton Loungueville (£10.93) towards the lower end of the scale and Wittering (£65.36) and Castor (£88) the most expensive. The largest increases in the precept by per cent are Bretton with 73.8% and Thorney by 24.8%
| Valuation Bands | ||||||||
| A | B | C | D | E | F | G | H | |
| £ . p | £ . p | £ . p | £ . p | £ . p | £ . p | £ . p | £ . p | |
| Peterborough City Council | £833.11 | £971.97 | £1,110.82 | £1,249.67 | £1,527.37 | £1,805.08 | £2,082.78 | £2,499.34 |
| PCC Adult Social Care | £63.13 | £73.66 | £84.18 | £94.70 | £115.74 | £136.79 | £157.83 | £189.40 |
| Police and Crime Commissioner for Cambridgeshire |
£148.44 | £173.18 | £197.92 | £222.66 |
£272.14 | £321.62 | £371.10 | £445.32 |
| Cambridgeshire & Peterborough Fire Authority | £47.16 | £55.02 | £62.88 | £70.74 | £86.46 | £102.18 | £117.90 | £141.48 |
| Total for Non-Parished Areas | £1,091.84 | £1,273.83 | £1,455.80 | £1,637.77 | £2001.71 | £2,365.67 | £2,729.61 | £3,275.54 |
| Parish Precept | £23.66 | £27.60 | £31.54 | £35.49 | £43.37 | £51.26 | £59.14 | £70.97 |
| Total for Eye | £1,115.51 | £1301.42 | £1,487.34 | £1,673.26 | £2,045.09 | £2,416.93 | £2,788.76 | £3,346.52 |
| Increase for year |
£43.32 | £50.54 | £57.76 | £64.98 | £79.42 | £93.86 | £108.31 | £129.97 |
* Where figures have been rounded, there may be a slight discrepancy between the total and the sum of constituent parts.
Peterborough City Council video about this years council tax rise
Peterborough Council Tax – Band D from 1998
This excludes the Police and Crime Commissioner for Cambridgeshire, Cambridgeshire & Peterborough Fire Authority and the Parish precept but does include the recent increases caused by the social care precept.
| Year | Amount (To nearest £) | Increase | % change |
Average UK inflation (CPI) |
| 1998-99 | £637 | |||
| 1999-00 | £698 | £61 | 9.6 | 1.34 |
| 2000-01 | £750 | £52 | 7.4 | 0.79 |
| 2001-02 | £787 | £37 | 4.9 | 1.24 |
| 2002-03 | £862 | £75 | 9.5 | 1.26 |
| 2003-04 | £927 | £65 | 7.5 | 1.36 |
| 2004-05 | £935 | £8 | 0.9 | 1.34 |
| 2005-06 | £972 | £37 | 4.0 | 2.05 |
| 2006-07 | £1,014 | £42 | 4.3 | 2.33 |
| 2007-08 | £1,029 | £14 | 1.5 | 2.32 |
| 2008-09 | £1,043 | £15 | 1.4 | 3.61 |
| 2009-10 | £1,069 | £26 | 2.5 | 2.17 |
| 2010-11 | £1,096 | £27 | 2.5 | 3.29 |
| 2011-12 | £1,096 | £0 | 0.0 | 4.48 |
| 2012-13 | £1,128 | £32 | 2.9 | 2.83 |
| 2013-14 | £1,128 | £0 | 0.0 | 2.53 |
| 2014-15 | £1,128 | £0 | 0.0 | 1.47 |
| 2015-16 | £1,128 | £0 | 0.0 | 0.05 |
| 2016-17 | £1,173 | £45 | 4.0 | 0.64 |
| 2017-18 | £1,232 | £59 | 5.0 | 2.69 |
| 2018-19 | £1,305 | £73 | 6.0 | |
| 2019-20 |
£1,344 | £39 | 2.99 |
Valuation bands
Each property is in one of eight bands according to its estimated value on the 1 April 1991. You can find out the council tax band for your home by looking up your property on GOV.UK using your postcode. All bands are based on a fraction of the band D cost.
- A: 6/9 – Up to and including £40,000
- B: 7/9 – £40,000.01 – £52,000
- C: 8/9 – £52,000.01 – £68,000
- D: 9/9 – £68,000.01 – £88,000
- E: 11/9 – £88,000.01 – £120,000
- F: 13/9 – £120,000.01 – £160,000
- G: 15/9 – £160,000.01 – £320,000
- H: 18/9 – More than £320,000
Note.
The council currently has numerous loans. As of q3 2018-19:
- Loans Longer-term – PWLB* (a): £354,587,000 (£354.6 million)
(2013-14: £149,387,000)
(2014-15: £234,387,000)
(2015-16: £282,387,000)
(2016-17: £329,587,000)
(2017-18: £329,587,000) - Loans Longer-term – Banks in UK: £17,500,000
- Short Term Loans Local Authorities: £28,000,000
- Longer Term Loans Local Authorities £27,500,000
* The Public Works Loan Board (PWLB) is a statutory body that issues loans to local authorities, and other specified bodies, from the National Loans Fund, operating within a policy framework set by HM Treasury. This borrowing is mainly for capital projects.
As far as outstanding investments.
- Bank deposits: £7,800,000
- Money market funds**: £500,000
** A money market fund is a type of mutual fund that invests in short-term debt instruments and is considered risk-free.