At the meeting of the Council held on 6 December 2022, the Council set its budget and precept for the financial year 2023/24.

The precept for next year, which forms part of the Council Tax demand from Northumberland County Council, will be £102,425. This equates to an annual charge for a Band D house in Stocksfield of £77.30 (an increase of 3.36% compared with 2022/23). Councillors were keen to minimise any increase and agreed to use existing reserves as contingency funds.