The Parish Council considered the detailed budget and the Precept request (the amount the Parish Council requires for meeting the expenses of running the Council) for the year 2022 / 23 at the meeting on 18 January.
The budget of £10,094 for the year 2023/24 was agreed. This took into account the range of Parish responsibilities including grass cutting on Skimmingdish Lane and weed spraying Fringford Road, the dog bin emptying, meeting costs, saving for replacement street furniture, starting a road safety fund and reserves.
The Parish had been given the Tax Base figure (broadly, the number of Band D equivalent dwellings in the village) by CDC which was estimated at 561.7; this was an increase from 556.2 the previous year.
Following the calculations, it was agreed to increase the Precept to £8,004 which was an increase of £1,044. The annual cost to a Band D household would be approximately £14.25 – an increase of £3.12 over the whole year.
However, it is worth noting that the Band D equivalent for a resident of Bicester for 21/22 was £131.94.
More information about how the Tax Base figure is calculated is available at Financing the Parish Council
For anyone interested, the draft budget and precept calculations can be found under the January Items for Information at 2022 – 2023 – Agenda and Minutes of Meetings