Most of Ringwood Town Council’s services are funded from the Council Tax paid by householders in Ringwood. Council Tax, which is collected by New Forest District Council, also funds services of the District Council, Hampshire County Council, Hampshire Constabulary and Fire Authority.
Unlike County and District Councils, the Town Council does not receive funds from central government or income from rates paid by local businesses. Ringwood Town Council raises some funds from fees and charges (for example for sports facilities).
Each year Ringwood Town Council calculates the budget required to provide its services. The expected income from fees and charges is deducted to leave the balance required for services and any capital projects. This sum is called the ‘Precept’; it is the amount the Town Council asks the District Council to collect for it as a proportion of the total Council Tax paid by householders of Ringwood.