Penrith Town Council reduced its precept from £454,233 in 2020/21, to £450,069 in 2021/2022. The precept includes the following:
|Budget Heading Committee Services:||2020/2021
|Communities, Culture and Economic Growth||136,830||122,000|
|Council Tax Reduction Grant and Other Income||-8,339||-8,380|
|Contribution to/(from) Reserves||-28,882||-59,765|
Although Council expenditure has increased because of service improvements, reserves have been used to maintain the Council Tax at its existing level. The precept has decreased because of a reduction in the Council Taxbase.