DERBY ROAD FUND AGM 2025
Proposed Contribution Figures for 2025/26
The current DRFA contribution levels are based on the Council Tax band system for households and were voted in by residents at the 2021 AGM. At the last three AGMs, the DRFA Committee has not proposed any increases and so the contribution levels have been frozen for four years.
However, in light of increases in some fixed costs covered by the Fund in recent years, this year the DRFA Committee is proposing a modest increase based on the Retail Price Index (RPI) figure of 2.7% for September 2024 in order to take this into account. This figure was chosen as it is often used by public bodies if there is no specified fixed annual percentage increase.
(see: https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/czbh/mm23)
The proposed contribution levels for each Council Tax band for 2025/26 are given in the table below. These will be presented for approval at the AGM.
We are mindful that households are facing rising costs in a number of areas at present, but we hope you will agree that the proposed change is a modest one that is reasonable in the current economic climate and after four years of no changes to the contribution levels.
For more information on the contributions system, see here.
Proposed Contribution Figures for 2025/26
The current DRFA contribution levels are based on the Council Tax band system for households and were voted in by residents at the 2021 AGM. At the last three AGMs, the DRFA Committee has not proposed any increases and so the contribution levels have been frozen for four years.
However, in light of increases in some fixed costs covered by the Fund in recent years, this year the DRFA Committee is proposing a modest increase based on the Retail Price Index (RPI) figure of 2.7% for September 2024 in order to take this into account. This figure was chosen as it is often used by public bodies if there is no specified fixed annual percentage increase.
(see: https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/czbh/mm23)
The proposed contribution levels for each Council Tax band for 2025/26 are given in the table below. These will be presented for approval at the AGM.
We are mindful that households are facing rising costs in a number of areas at present, but we hope you will agree that the proposed change is a modest one that is reasonable in the current economic climate and after four years of no changes to the contribution levels.
For more information on the contributions system, see here.
