Concerns have been raised that Council Tax collection rates could drop and put pressure on Powys County Council’s finances the longer the cost of living crisis lasts.
At a meeting of Powys County Council’s Finance Panel on Friday, April 28, members looked at the position of last year’s budget as it stood at the end of February, with a month left of the 2022/2023 financial year.
Councillor Chris Walsh said: “Inflation is going to be much higher, going through the system for a longer period of time.“That’s going to put more pressure on the cost of living.”Head of finance, Jane Thomas said: “We review potential collection rates on an annual basis.” Ms Thomas said: “We also have increased money advice with additional officers there to support residents as well.
Cllr Thomas said: “If this cost of living crisis does go on longer than anticipated the problem is going to get larger.”
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