Council reveals rate rise
RESIDENTS FACE A 1.75 PER CENT INCREASE
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.