2026 - 2027 Budget and Precept Explained
6 March 2026
You may have recently received your council tax bill for 2026/27 and we wanted to explain the services the Town Council provides and how the budget is set.
Setting the budget is done with great care. Councillors aim to make sure residents get good value for money while keeping the services, facilities, and support you rely on.
For 2026/27, the council’s budget is £239,969.52, a 4% increase on last year. Running costs for parish services have risen by around 22%, and at the same time, the council has seen a 4% drop in income. To help offset this, contracts have been reviewed, saving around 10%.
To fund the services that Loddon Town Council offers, the precept has been set at £203,419.56. For a Band D property, this means an increase of £11.23 per year, or about 94 pence per month.
The council is committed to using public funds responsibly while continuing to provide valuable services for the town.
