For the fourth year in a row elected Labour Mayor, Jamie Driscoll, has not raised the precept on residents’ council tax bills.
Speaking after a scheduled meeting of the North of Tyne Combined Authority (NTCA) Cabinet, Mayor Driscoll said:
“People in the North East are caught in the jaws of a cost-of-living crisis. Now is not the time to be squeezing residents further with tax rises. As a Metro Mayor I have the power to add a precept to council tax bills. I have never done so. Instead, I have focussed on getting more money from central government and leveraging in £100s of millions of private sector investment, to create jobs, provide free training courses, tackle child poverty and build the green economy of the future.
“As Mayor the total amount of tax I have raised from residents is zero pounds and zero pence. The economic growth we create funds all our activities. The NTCA hasn’t cost the taxpayer a penny.
“The funding we receive from central government is on what’s called a ‘gain share’ model. This is reviewed by the treasury every five years, where we are required to demonstrate value for money. For every £1 we invest in job creation, over £3 is returned to the treasury in payroll taxes alone. The organisation I lead is a wealth- generating centre and therefore has no net cost to the taxpayer locally or nationally.”
This article is a press release from Mayor Driscoll’s office