Finance & Policy Committee

Finance & Policy Committee

The Finance & Policy Committee is responsible for the management of the Council’s finances and setting of its policies.

Like other town and parish councils, Marlborough Town Council does not receive any revenue support from Central Government or from local businesses through the Non Domestic Rates. It is funded through the Council Tax - the local tax you pay towards the services provided by Wiltshire Council, Wiltshire Police Authority, Wiltshire Fire & Rescue Services and the running of your own town council. This last proportion is worth around only 10% of your overall Council Tax bill and is known as the precept.

Each year, Marlborough Town Council agrees its budget for the forthcoming year and sets the precept. Each year, Marlborough Town Council agrees its budget for the forthcoming year and sets the precept. This is to cover any shortfall in the budget the Council needs for the next financial year and is based on planned income (funds from investments, rental income etc) and expenditure (capital projects planned, running of services etc). The difference is the amount it needs to raise locally from Council Tax payers - the Precept. Wiltshire Council collects this on behalf of the Town Council and it is paid in two instalments during the financial year.

The Town Council tries to ensure that the tax burden on local people is reduced by seeking external funding for projects where it can.

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