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Vale council's reserves grow after tax hike.

VALE of Glamorgan Council made a "profit" of PS5.8m last year - after asking people to pay more council tax.

The council over-collected PS1.7m in council tax in 2018/19 - after residents were asked to pay 3.9% more in rates.

It was part of a PS5,836,000 profit the council made from its day-to-day spending last year - which was transferred to the council's reserves.

In total, the council's usable reserves grew from PS92,635,000 to PS105,149,000 - an increase of 13.5% - in that year.

Vale residents have been asked to pay an additional 4.9% on their council tax rates this current year.

Cllr Ian Johnson, Plaid Cymru leader on the authority, told a full council meeting on Monday the council tax surplus was "a lot of money taken out of other people's pockets".

He said: "Austerity? What austerity? "There is a question of whether we are making more cuts than we need to and whether we are increasing council tax more than we need to.

"When this council has a very good bank balance and is in the black - what's happened to allow that? Is that because we've cut too far? Is that because we're collecting too much money?" Council leader Neil Moore said it was better to collect too much council tax than too little.

He said: "It's a fact that we are a prudent authority, we always have been a prudent authority.

"We have to make sure we have enough money in the account.

"Yes, it's good to collect more, but I tell you what, it would be worse to collect less."

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Publication:South Wales Echo (Cardiff, Wales)
Date:Sep 11, 2019
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