LOSTWITHIEL residents are breathing a sigh of relief with the decision of the town council not to increase the amount of money they pay for the council to function.
Lostwithiel Town Council's precept last year was £119,925 and it was agreed at a full council meeting last week that the revenue received from residents would total £119,415 for the coming financial year, starting in April.
The slight reduction follows two years of hikes.
In 2013, Lostwithiel Town Council put its precept up by 23 per cent, after a massive increase of 72 per cent the previous year.
Back in 2011-2012, the town council received £56,579 from residents to provide services in the town.
The new precept figure will be added to people's council tax bills from April, with Cornwall Council increasing its share of the bill by 1.97 per cent.
Back in November County Hall approved a budget which will result in bills for Band D households rising by £24.51 to £1,268.92 for 2014-15, not taking into account town and parish council precepts.
Cornwall Council faces making £24 million of additional savings next year, on top of the £19 million already planned.
Ratifying its 2014-2015 budget, the town council was told a council tax support grant from Cornwall Council would also be available if needed.
Councillor Chris Jewels said councillors had thought long and hard about setting the budget.
"There has been a lot of soul-searching and we have now reached a figure that is below last year's precept,'' he told fellow councillors, who voted unanimously to approve the budget.