Mayor flags future rates fall
THE Town of Cambridge council has approved a rate increase of 3 per cent but Mayor Simon Withers said it was possible rates would decrease in the future.
The 2015-16 budget was approved at a special council meeting on July 20 with few changes since the draft budget went out for public advertising.
Mr Withers said the new developments in West Leederville, as well as the Perry Lakes apartments, would help keep rates down in the future and Cambridge could possibly enter a period where rates go backwards.
“We have reached a level where we are funding depreciation with all the new dwellings around West Leederville,” Mr Withers said.
“Waste rates haven’t gone up at all. I think, in the future, rates will rise very slowly because of the new developments and the Perry Lakes apartments will help keep rates down.”
A council report said the Town’s total revenue budgeted was $50.6 million, including $23.4 million rate revenue and $15.7 million in fees and charges. It said the total operating expenditure was $43.5 million, with a further $38.6 million allocated to capital works.
The major change to the final budget was the allocation of $210,000 to seal Crofts Lane, after an increase in Road to Recovery funding by the State Government of $153,000.