Charnwood Borough Council has agreed to raise its share of council tax by 9p a week for a Band D property.
The increase will see the annual charge for an average Band D property rise £5 (4.67 per cent) to £112.09 from April 1
The Loughborough Special Rate, paid by residents of Loughborough and the equivalent of a parish precept in villages, will remain at the same rate as 2016/17, £74.97.
The increase was agreed by Full Council on Monday, February 27. At the council meeting, 37 councillors voted in favour of the increase and seven were against.
Councillor Tom Barkley, Lead Member for Finance, said: “Our funding from Government has continued to reduce and therefore we need to raise council tax in order to maintain our services for the benefit of residents.
“We will also be using some of our reserves, but fortunately we are in a strong enough financial position to do that. We are hopeful that in future years we will not have to use our reserves to the same extent, if at all.
“As ever, the Council continues to look at its services on a regular basis to ensure they are running as efficiently as possible.”
The Council is planning to use around £930,000 from its reserves.
Council tax pays for a range of services provided by Charnwood Borough Council, Leicestershire County Council, Leicestershire Police and Leicestershire Fire and Rescue and the parish council where you live (or Charnwood Borough Council for people in Loughborough). The Charnwood element accounts for less than 10 per cent of the total bill.
For more information about the budget, see the reports to the meeting on February 27 on the Council website.