ALFORD Town Council has voted to increase its precept in order to meet the full costs of running the Alford Corn Exchange.
At a recent meeting members resolved that a “substantial increase was needed to meet the full costs of running the building”.
But they agreed not to pass the full amount onto the tax payer, and will instead use some of their reserves this year to meet some of the anticipated costs.
It is the first year that the town council has been responsible for 100% of the running costs of the Corn Exchange
It is hoped that the running of the Corn Exchange will pass to the Alford Corn Exchange Group “ACE” by April 2013.
It is currently being set up as a charity to run the building.
The council budget for 2012/13 has been set at £52,637.
The sum of £3,260 will be met by reserves, with £49,377 met through the precept - up £2,353 on last year.
This will result of an increase of £2.01p per household on local Band D properties.