Special Rate Variation - application detail

The cumulative effect of a 15.7% in 2022/23 (including the rate peg) and 17.5% in 2023/24 (including the rate peg), representing a total cumulative increase of 38.06% over the two-year period. The increased rate income at the completion of 2023-24 will remain permanently within the rate base.

The impact of the SRV on the average rate overall and per category is listed below. A rates calculator is available from this website to allow you to review the impact of the proposed SRV on your annual rates bill.

The SRV (including rate peg) will raise additional rates income of $1.35M in year 1 and $2.97M in year 2. This equates to an annual increase of approximately $183 and $397 on the average rate.

In addition, Council will pursue productivity savings through employee cost savings of $600K annually in 2022/23 and 2023/24, and continue to implement actions of the Financial Sustainability Plan to create permanent reductions to ongoing expenditure.

The proposed SRV requires only minimal service level adjustments to community services.

The proposed SRV will allow Council to:

• maintain service levels as close as possible to current levels,
• fund ongoing maintenance,
• fund renewal of infrastructure assets,
• increase capacity to renew deteriorating assets,
• ensure and improve financial sustainability,
• reduce reliance on external grant funding for asset renewals.