Figure quoted does not cover everything

July 28 2021

WHILE the cost to buy the Portway Annexe council tax precept increase is 5.54 per cent per year increase for 25 years (July edition, page 24), this figure excludes any running costs, improvements, maintenance and important fixed costs like rates at around £16.5k per year.

To only quote part of the cost to Wells council tax payers is not as open and transparent as it could be. With this in mind, should this 5.54 per cent figure maybe in the future be qualified as excluding these other very real and important costs associated with buying the Portway Annexe building?

Joe Parker
By email