How much can my Town Council raise the Precept, without a referendum

Question

I have recently resigned from the town council and had not attended some of the last Finance working groups.  I have since found out that the council is now seeking a decision at full council to riase the precept for the next financial year by 14.95%.  Am i correct in thinking they can do this without a referendum to the electorate, as its only the Unitary Authority that has to hold a referendum for increases over 5%

Answer 1

Town and Parish Councils are not subject to any restrictions on precept increases.

Comments

Thankyou Dave, thats what I thought.

Answer 2

https://www.gov.uk/government/publications/local-government-finance-policy-statement-2025-to-2026/local-government-finance-policy-statement-2025-to-2026

Scroll down to the paragraph which starts with - Council tax referendum principles:

• There are no council tax referendum principles for mayoral combined authorities or town and parish councils.