Coun­cil reveals rate rise

RES­I­DENTS FACE A 1.75 PER CENT IN­CREASE

Stirling Times - - Front Page - Kate Leaver

City of Stir­ling ratepay­ers will in­cur a 1.75 per cent rate rise after the 2017-2018 bud­get was adopted last week.

CITY of Stir­ling ratepay­ers will in­cur a 1.75 per cent rate rise this year, a move the Mayor says is “pru­dent.”

The rise will match that of last year, bring­ing the City’s av­er­age rate to 4.9 cents in the dol­lar from around 4.64.

Mayor Gio­vanni Ital­iano said the City’s pru­dent fi­nan­cial man­age­ment had re­sulted in a bal­anced bud­get with one of the low­est rates in­creases in the met­ro­pol­i­tan area.

About $64 mil­lion of the $284m bud­get, which was passed at last Tues­day’s coun­cil meet­ing, will go to­wards new cap­i­tal works projects. Al­most $26m will be spent on roads, paths, drains and park­ing in­fra­struc­ture, with an­other $8.4m on new works at parks and re­serves. A fur­ther $12.9m will be spent on im­prov­ing the City’s build­ings.

Ma­jor projects in the cap­i­tal works bud­get in­clude $1.4 mil­lion on the Scar­bor­ough Re­de­vel­op­ment project, work­ing with the Met­ro­pol­i­tan Re­de­vel­op­ment Au­thor­ity (MRA), and $4.9m on the City’s Scar­bor­ough Beach Pool.

The Ellen Stir­ling Boule­vard de­vel­op­ment and carpark project will get $5.1m.

Cr Ital­iano said it was a bal­anced bud­get and the City re­mained debt free.

Late rates pay­ments will at­tract in­ter­est of 9 per cent per year, with in­cen­tive of­fers for early rate pay­ments.

The City will raise a pre­dicted $135.3m from rates in the next fi­nan­cial year, up from last year’s $130.9m.

Em­ployee costs are up from last fi­nan­cial year by about $3.2m, bring­ing the bud­geted amount to $101.5m.

Mr Ital­iano.

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