THE ANNUAL TOWN COUNCIL PRECEPT
Most of the Town Council's income comes from the Annual Precept. Each year the Council sets a budget for the following financial year and agrees a Precept to meet this anticipated expenditure.
The Town Council is solely responsible for deciding how this money should be spent.
When you, as a Bungay resident, receive your Council Tax demand for the year from East Suffolk Council, you will find that this money goes to Suffolk County Council; East Suffolk Council, the Fire Service; the Police, and Bungay, in the form of the Town Precept.
The Precept is an annual amount that goes towards the provision of Bungay services not paid for by the other authorities.
It covers the items indicated in the Town Budget.
The agreed annual precepted sum is divided among all households in Bungay in accordance with their Council Tax banding.