A council tax hike of a maximum 4.99 per cent has been announced for a second year running in Hackney.
The increase is the largest legal amount possible without a referendum and was released in the Council’s annual budget last week.
It is the second year that the maximum has been levied on Hackney residents.
In a statement, the council said that Hackney remains “among the lowest in London” for its council tax rates.
“The financial challenges councils face haven’t gone away overnight,”
Mayor Caroline Woodley said.
“We now have a stronger platform to build upon. We’ll use this
foundation to bring real benefits for people in Hackney.”
There will be discounts of up to 90% available on this tax for low-income residents.
This tax increase will fund investment in projects such as building and refurbishing council houses, increasing investment in local libraries and tackling fly-tipping.
The council tax rise will also be used to pay for increased spending on housing, homelessness, community safety and street-cleaning.
Mayor Woodley said: “This is a budget shaped for Hackney’s residents.”
The council tax increase will take effect on 1 April.
