Rates rise held to only 2.5pc

Townsville Bulletin - - NEWS -

RATES will in­crease by 2.5 per cent, $ 11.1 mil­lion will be spent on cap­i­tal and strate­gic projects and up to $ 20 mil­lion will be saved across Hinch­in­brook this fi­nan­cial year, in a bid to kick­start the econ­omy.

The an­nounce­ments came as part of the $ 33.144 mil­lion 2015- 16 Bud­get handed down by the Hinch­in­brook Shire Coun­cil yesterday.

The gen­eral rate in­crease was halved from the 5 per cent orig­i­nally set out in the coun­cil’s adopted long- term fi­nan­cial forecast.

Mayor Rodger Bow said res­i­dents would also face a 3.1 per cent in­crease across util­i­ties such as sew­er­age, wa­ter and clean­ing charges.

“To achieve 2.5 per cent was a ma­jor chal­lenge ... and in essence the op­er­at­ing ex­pen­di­ture will be less than last year’s bud­get,” Cr Bow said.

“Tak­ing into ac­count the con­sumer price in­dex, coun­cil is ef­fec­tively ap­ply­ing an op­er­at­ing sav­ings of over $ 500,000.”

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.