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Ludlow Town Council Budget for 2022 / 23

On 24th January 2022, Ludlow Town Council set an expenditure budget of £983,501.00 for 2022 / 23, and set a precept of £708,607.00, which means the expected income from fees and other sources is £274,894.00. 

The annual budget provides local services including community grants, Ludlow Museum at the Buttercross, Ludlow market, grounds maintenance and burial services at Henley Road Cemetery, maintenance of public parks and play areas including, the Linney Riverside Park, Wheeler Road Skate Park and recreation area, Houseman Crescent play area, St John’s Garden, Castle Gardens, and the garden of Rest at St Laurence’s Churchyard. 

The budget also includes provision for repairs to the town wall at St Laurence’s Churchyard, at present these figures are estimated based on the final report from the structural engineers.   Costs will be reviewed in line with actual costs.  The estimated repayments of a 25 year loan are £180,000 per year for a total estimated expenditure of £4million at a fixed 2.29% interest rate.   

Mayor of Ludlow, Cllr Robin Pote explained, ‘The Town Council wishes to reassure residents that while the estimated annual repayments to cover the repairs to the town walls are considerable, the council has worked hard to keep the impact on residents to a minimum, and the annual increase to band D council tax will be 26p a week, which is an annual increase is £13.49.’ 

January 25th 2022

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