In 2014-2015, an average Band D council tax payer will pay £109.76 or just £3.18 more per year.
This is despite the town council seeing its government grant cut by over £7,500 – the second cut in two years.
Steve Hurrell, chair of the Finance, Community and Policy Committee, said prudent savings had helped the council improve the state of its reserves without needing to increase the precept further.
The town council looks after over 20 green spaces and contributes funding to organisations such as the CAB and HomeStart and many more. Last year it awarded £72,000 in grants to community groups as well as ensuring that an afterschool play scheme continued in the town.
The council awarded £31,300 in grants from the Community Support Fund and Small Grant Funds, £19,900 was paid in regular community grants and £20,600 in grants for arts, culture and town centre regeneration events.
“Our Green Spaces team maintains public areas such as Park Gardens and Bank Gardens in addition to managing the town’s cemetery,” said Steve Hurrell, chair of the Finance, Community and Policy Committee
“The Town Council offers many local community groups the chance to apply for vital grants which support their activities. We also provide funds to charitable groups who provide increasingly necessary support for local people.
“Ongoing Improvements to Lansdown Hall and Gallery have revitalised this building, which is increasingly being used as a resource for everyone.”
At the meeting it was unanimously agreed to set the total precept at £440,400 for the next financial year.