Council have agreed 4.99% increase for 2018/19 budget.
The decision has been made as the authority looks to close a £18 million shortfall in its budget.
An average Band D household in the Stockport area will see an increase of £75.94 in its contribution to the Council's funds.
The rise is set to cover the costs of two primary areas:
- The Adult Social Care precept will account for 2% of the increase.
- 2.99% will cover costs for essential front line services and assist in making investments that will create income generation.
Although the rise is short of the maximum Council Tax rise of 5.99%, it still will not balance the books. This is being addressed by the Council looking for nearly £8 million pounds in cost savings and additional revenue creation.
The decision to raise taxes had not been easy, as Leader of Stockport Council, Councillor Alex Ganotis, said:
"Nobody who voted for this budget will have taken the decision lightly. Councillors are aware this is a significant rise, and intently aware of the impact on residents."