The council says the average LBHF council taxpayer is set to be £243 better off compared to the average Londoner based on five years of tax cuts at a time when average council tax bills in the capital have risen by £73. The move is set to take H&F’s council tax level to the third lowest in the country.
The planned tax cut, which needs to be ratified by H&F’s Full Council in February, comes as LBHF, Westminster City Council and the Royal Borough of Kensington and Chelsea (RBKC) are combining services in many areas.
The 3.75% reduction would bring H&F £1 below RBKC’s tax level, and closer to that of Westminster City Council.
The council also says it is on course to cut its debt by more than £80 million from its historic high during next year. This is in part due to a one third cut in accommodation footprint from 51,420 sq m in 06-07 to a projected 38,724 in 2012/13. many of those buildings, including Fulham Town Hall, have been, or are being sold to help cut the debt.