Cabinet members on Rutland County Council have approved a 4.99% council tax increase, saying it was "the only possible option".

The 4.99% rise in the county council's share of the bill represents a 2.99% increase in council tax, plus a 2% increase in the adult social care levy.

It is the maximum amount a local authority may increase the precept by.

Speaking to members of the cabinet at their meeting on Thursday 12 January 2023, Council Leader and Conservative Councillor, Lucy Stephenson, said: "Under the current economic conditions, councils are struggling like never before.

"Rutland is in a better position than many other authorities due to years of careful financial management and we have a plan to save £4.9m over the next four years, to help us close our funding gap. However, the situation remains precarious. With inflation at around 10%, we expect costs to keep rising and we don't know how much funding we will get in the future.

"We would like a five-year funding settlement from the government to help us plan but have been given a one-year settlement, which is far from ideal.

"This budget is about making sure we remain financially stable and independent despite economic pressures and a lot of uncertainty around our future funding."

Rutland County Council is inviting its residents and businesses to comment on the range of proposals that make up the 2023/24 budget by accessing the council's website.

Anyone wishing to make an online comment can do so online.

The consultation on the draft budget is now live and runs from now until 5pm on Friday 3 February 2023.

Councillors will then consider all comments made before a final budget meeting where the council are required to set a balanced budget at the start of each year.

Cllr Lucy Stephenson concluded: "Are are creating a ring-fence for those who are struggling to survive, and have secured an extra £33,000 from the Government.

"We simply have to be fiscally responsible and make decisions that ensure longevity and sustainability."

The budget meeting will take place on Monday 27 February 2023.