The final budget plans for Rhondda Cynon Taf Council next year have been set and will now go before full council for approval. Cabinet has approved budget proposals with a 3.9% council tax rise instead of the recommended 3.5% due to the ongoing pressures on social care as the council aims to close a budget gap of £38m and the proposals will go before full council on March 8 for approval.
This would mean an increase of 78p per week for a person living in a Band A property and £1.17 per week for a person living in a Band D property with 42% of properties in Rhondda Cynon Taf being Band A. Increasing council tax by 3.9% will reduce the remaining budget gap by £1.815m, the report said.
In January, cabinet agreed draft proposals for the revenue budget strategy for the financial year 2023/24 which have been out to consultation. The final local government settlement from Welsh Government confirmed a 6.6% increase announced for RCT with a 7.9% average increase across Wales. RCT’s capital grant is set to increase by £2.287m to £13.886m having reduced by £2.165m for this financial year
