Rates increase ‘favourable’
The Mayor of Newtownabbey, Alderman John Scott has expressed his pleasure at the rate level agreed for the borough.
At a special meeting of Newtownabbey Borough Council last Wednesday, February 10, a domestic rise of 4.9 percent was agreed.
With the regional rate set by central government still frozen, that should equate to an increase of around 2.6 percent on the doorstep.
The district rate for the year commencing April 1 will be 25.0494p and 0.3207p in the pound for non-domestic and domestic property respectively.
Alderman Scott commenting on the rates rise said: “Officers and members have worked hard to review the budgets and to keep the rate rise to 4.9 percent rise in domestic rate.
“The council recognises the very difficult financial times facing many ratepayers in the current economic downturn. We have agreed a range of budget cuts to achieve this level of rate and we have done this without adversely affecting front line services.
“This level of increase has also been achieved against a background of changed financial arrangements which are outside the council’s control.
He added: “Our rate levels will compare favourably with those reached in other council areas.”