The Teignbridge District Council Administration budget 2012 - 2013 was agreed today at Full Council by 29 votes in favour, 14 against and 1 abstention. The budget highlights are:
a- Band D Council Tax for 2012/13 be frozen at the current rate of £150.17 pa.
b- The general reserves be maintained at £1.3m which is 9.2% of the net budget for 2012/13.
c- That £100,00 of the general reserve balance in any one year continues to be available to the Executive to meet unexpected expenditure in addition to the agreed revenue budget.
d- To continue with the free Sunday parking scheme in local villages and towns for the whole of next year and for resorts to 31st March 2012 and again from 28th october 2012 to 31st March 2013.
e- Backing business including promoting tourism with a proposed infrastructure investment fund to deliver new jobs by supporting economic development and housing. The plan for this to have reached£1m by the end of next year.
f- Maintaining the funding of £52k for CAB and £37k for TCVS
g- Bringing power to the people by maintaining the Councillors' Community Fund at £69k - £1500 per Member.
h- A capital programme that supports housing as a top priority by maintaining investment at around £0.8m
i- Maintaining the £55k Rural Aid Fund.
Additionally the Executive will be looking at a New Homes Bonus Policy in their work stream.
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