Annual Precept
The precept is a tax that Town and Parish Councils charge local electors to help meet their spending requirements.
Town and Parish Councils do not receive any direct funding from central government and rely on the precept plus any other income they generate from services or facilities they provide such as room hire. The precept is part of the council tax and is collected from local electors through their Council Tax payments.
Each year, Heanor & Loscoe Town Council requests this funding from its local “billing authority”, Amber Valley Borough Council.
Annual Budget
The Council is required in law to agree a budget before it can set its precept.
The precept requirement is the difference between the Council’s estimated income and its anticipated spending requirements for the financial year (its budget). The Full Town Council must agree the budget and the precept required to fund it.
2026-27 Budget Statement
At the Town Council Meeting held on the 15th January 2026 Heanor & Loscoe Town Council agreed the precept for 2026/27 at £304,880. This is the amount of money taxpayers will need to pay for Heanor & Loscoe Town Council services.
If you have any specific queries about the budget, please email
2026-2027 Accounts
This Precept & Budget was approved at the Heanor & Loscoe meeting on 15th January 2026.