25/26 Budget
Increase in Knighton Town Council tax
Following a comprehensive budget review, Knighton Town Council have determined that an increase in its portion of the Council Tax is required to continue the delivery of essential local services and address the rising costs of its operations.
The budget review process involved an in-depth analysis of the council’s financial obligations, revenue streams, and the growing demand for critical local services.
The increase will amount to an additional £46.22 per average household across the year, equivalent to £0.88 per week, though this will vary depending on Council Tax Band. This is one small part of a household’s overall Council Tax bill, with the rest set by the Powys County Council.
This necessary adjustment in the Knighton Town Council Tax precept is caused by our strong commitment to ensuring a standard and accessibility of services that meets community needs and wishes.
Our goals for 2025/26 include onboarding new accounting processes to ensure effective and wise financial management, and we will continue to seek alternative revenue sources to ease the financial impact on our residents.
In light of the cost-of-living challenges encountered by many, Knighton Town Council are committed to ensuring support is available for those experiencing difficulties with their Council Tax obligations and would encourage anyone who is struggling to contact Powys Citizens Advice on 0345 6018421.
Budget Review 2024/25
The review of the 2024/25 budget showed that the increasing cost of operations, as well as certain unpredictable and necessary expenses, such as the cost of the leak at the Cemetery Toilets, had caused a 16% increase on projected expenditure. This resulted in the Council using almost all of its reserves to cover running costs, leading to a risky financial position at the end of the 2024/25 financial year.
The increase in the 25/26 precept will allow the Council to recover from this position, to continue working on making our current services as robust and high-quality as possible, as well as to begin to develop plans for improvements to the toilets and the bus stops around town.
25/26 Budget
The linked document contains a detailed breakdown of the budget for 25/26. The Council thoroughly reviewed every line for any possible savings, and cuts were made to the initial draft budget for a total of £4540.
As the graphs below show, the adjustment partially stems from inflation, and partially stems from a lack of any significant increases between 2015 and 2024.
