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Andover Town Council to look again at investment strategy


Andover Town Council is to refine its policy of investing thousands of pounds of public money after councillors raised issues with proposals.
The council’s Draft Investment Strategy is to be redrafted after councillors said that it was “too much of a placeholder” and needed to be more precise before any money could be used.
Councillor Luigi Gregori said refining the proposals are “not going to change the price of fish too much but it will set it on the way going forward.”
Andover Town Council’s Policy & Resources (P&R) Committee met on Wednesday, April 22, to discuss a number of items, including the Draft Investment Strategy. ....

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Andover Town Council precept to remain the same for 2021


Andover Town Council has voted to maintain its tax precept at the current level following a lengthy meeting of the full council.
Councillors voted to maintain the level at £21.10 per Band D household for another year, generating just under £350,000 in revenue. This fell short of the proposed expenditure of at least £466,208 the council had planned in its budget, with the internal auditor have suggested the council consider an increase.
However, following debates over a proposed new budget, the costs were reduced to just under £365,000, with the remaining shortfall to be met from the council’s reserves.
Councillors met at the full council precept meeting on Tuesday, January 26, to set the level of precept for the rest of the year, which had to be decided on before the end of the month. ....

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