WISBECH tax payers could face a potential rise of more than 60 per cent in their council tax precept next year.
The colossal figure of £126,200 is the estimated amount the town council would need to find to pay for changes to the Market Place, the return of a rail link to the town and extra funding for groups and events.
The figures were revealed at Monday night’s Resources Committee meeting, but all discussion of costing was deferred to October’s budget meeting.
Ownership of Wisbech Market Place was transferred to the town council in July but this now means the burden of running costs falls on them. The council has to find around £40,000 – about £5 extra for a band D property.
If the council agree to increase the amounts given to local organisations, festivals and events and giving the Freedom of the Town to a possible three people, they could need to find an extra £26,200.
However this list is subject to change and each additional cost will be looked at in detail at the budget meeting. Some may be put on the back burner.
The council has also decided to look at acquiring the Bramley Line lease, a project that could cost in the region of £60,000, but the town council must investigate this further.