Tenby Town Council has announced an increase in its precept for the year 2008/09. Councillors agreed at their last meeting before Christmas to a budget of £140,487.31, which represents a below inflation increase on last year of 1.06 per cent. At Tuesday night's meeting of the council, members agreed to the amended budget, which based on the 2008/09 Council Tax base figure of 2563.10, represents a Band D increase of £0.67 from £54.14 to £54.81. "By the end of this financial year we will still have considerable reserves, but they are being reduced as previous recommendations of the council earmarked them for expenditure on various projects implemented e.g. The Jubilee Play Area and Dyster Memorial Fountain," explained the council's financial officer and clerk, Mr. Andrew Davies, in his summary, adding that the precept was only marginally above half the current rate of inflation.
