The Independent Pricing and Regulatory Tribunal (IPART) has approved a rate peg increase of 2.3 per cent for Central Coast Council for the 2018-2019 financial year.
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Council has applied the increase to its rating income calculations.
Council has been directed by the Minister for Local Government to ‘maintain the rate paths’ that were in place for the former Wyong and Gosford councils before amalgamation, until June 2020.
This means rates levied will be calculated using the same methodology applied by the former councils.
“Your rates help us deliver the essential services we all need and value each and every day,” mayor Jane Smith said.
“Council must keep in place the rate paths that were in place before amalgamation – that has been set by the state government.”
On Monday night, council adopted an increased capital works budget for the next financial year – up by $50,000 from the publicly exhibited capital works budget – and allocated funding to major projects following community consultation on its three-year delivery program and one-year operational plan and budget.
Cr Smith said it was the first delivery program and operational plan of the elected council and was a contract with the community detailing how $561.47 million in essential services and an increased capital works budget of $199.83 million would be delivered for the community,
“We have listened to the community and made some changes to ensure the plan reflects their needs and aspirations,” Cr Smith said.
Key features of the budget include.-
- $561.54 million operating income;
- $561.47 million operating expenditure;
- $64,462 operating surplus before capital grants and contributions;
- $48.39 million capital grants and contributions; and
- $199.83 million capital works program.
Council will reduce some fees charged at leisure and learning centres.