Strategy and finance
The Town Council generates precept at a rate of £135.04 per D Band Household. We have a tax base of 5,233 D Band Houses in the parish. (This calculation is made by averaging out different house sizes to arrive at a number of D Band Houses). Our total precept collected in the 2020/21 year from all Newport Pagnell residents is £706,664.
This precept of £135.04 is around the middle of the range of precepts levied in Milton Keynes, with the highest being £236.59 per D Band Household. Despite this reasonable precept, Newport Pagnell Town Council offers a significant range of services, broader than those offered by many parishes. These include Middleton Pool and Fitness Centre, 3 community centres, 5 allotment sites, various properties leased to community organisations, an information centre for residents, most of the parks and play areas in the town and Willen Road Sports Ground which offers cricket, football and tennis. This big range of assets is the largest held by a parish in Milton Keynes, and is valued at a replacement value of £15M. It is necessary therefore to budget each year to ensure that enough funding is held to fully refurbish properties as they age. In 2018, 80 High Street, the Council Office, was refurbished. As a listed building in the High Street, refurbishment had to meet the standards necessary to keep the building in good condition. In 2019 the Youth Club was refurbished and in 2020 the Portfields Centre is being refurbished. Our leisure services are managed through the accounts of our partners in leisure, Places Leisure.
This year Covid-19 has had a serious effect on the income arising from leisure, particularly at Middleton Pool and Fitness Centre, and we will have lost more than half a year’s income.