Each year the Town Council creates a budget. The budget is a calculation of the money neeed to provide its services less any income it expects to receive from fees and charges such as rents and grants. This leaves the amount required to spend on services and any capital projects which are planned for the year ahead.
The precept is the amount it levies on the Unitary Council (Bath & North East Somerset Council). It is collected by them as a proportion of the total Council Tax paid by Radstock households.
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