Council Tax payers in Horncastle will not have pay any extra during the next 12 months for services provided by the town council.
Councillors agreed to freeze their annual precept at a meeting held last night (Tuesday).
The decision comes despite a reduction in the Revenue Support Grant the town council receives from East Lindsey District Council.
Town mayor Coun Fiona Martin described the decision not to increase the precept as ‘excellent news.’
She said although the town council’s share of annual tax bills was small, any saving was significant.
Councillors heard income for 2014-15 is forecast to be £35,636 with expenditure set to top £131,000.
To plug the deficit between those figures, the council will set a precept of £96,154.00 - the same figure as 2013-14.
The council will allocate just over £4,000 from its general reserves to help produce a balanced budget.
Overall, the council’s share of bills will leave owners of a band ‘D’ property with a bill for £47.48. In the last financial year (2013-14) that figure was £47.53.
Despite the freeze at local and county council level, council tax bills are still set to rise this year.
ELDC will increase its share by two per cent while the police authority has yet to set a figure amid specualtion of a likely increase.
Various other town and parish councils - including Woodhall Spa - have yet to announce details of their precept.
Town councillors in Louth have voted for a 4.3 per cent increase.
Meanwhile, councillor’s also discussed several other controversial topics at last night’s meeting, including forthcoming gas main repairs in Horncastle and car parking.
*A comprehensive report of the meeting will appear in next week’s Horncastle News.