2026 – 2027 BUDGET AND ANNUAL PRECEPT
Halewood Town Council is funded through what is known as the ‘Annual Precept’ and any income it generates from grant funding and its business-related activities e.g. hiring of Council facilities.
What is the Precept?
At the start of each calendar year, Members of the Town Council consider their spending plans for the financial year starting in April and then agrees an annual budget for the that financial year.
There is a legal requirement for Council to set a balanced budget.
To achieve this, income is matched against expected expenditure requirements in the forthcoming year.
The Precept is the amount of money required to meet Council’s expenditure requirements after taking into consideration any income anticipated to be generated from grant funding and any business-related activities.
For the 2026/27 financial year, Halewood Town Council has set gross expenditure at £652,895 which, when considering income from grants and business activities, leaves a total precept demand of £591,095 which is equivalent to £97.65 per band D equivalent property.
Halewood Town Council is acutely aware of the challenges faced by many residents across the township with a rise in the cost of living and the Town Council’s day to day costs have similarly risen during the year.
Recognising this reality, the Town Council has resolved not to increase the precept in 2026/27 and it will remain at £97.65 per Band D equivalent property, approximately £1.88 per week (2.7p per day) per household.
As over 80% of properties within the Township are in a Band lower than D, they will pay significantly less than the full amount.
Halewood Town Council will continue to manage its finances closely and regular reports will be made to its Elected Members throughout the year.