Rate rise to rake in $24 mil­lion

Western Suburbs Weekly - - News -

TOWN of Cam­bridge ratepay­ers will face a 2.7 per cent rate rise this fi­nan­cial year to bring in more than $24 mil­lion.

The in­crease is down from the 3 per cent in­crease in the 2015-16 fi­nan­cial year, with a min­i­mum rate of $962 on all rate­able prop­er­ties, but still makes up 18 per cent of the Town’s main sources of funds.

The last fi­nan­cial year saw a min­i­mum rate of $937 on all rate­able prop­erty.

In 2016-17, the Town will also reap more than $43 mil­lion from the sale of land as­sets.

Cash op­er­at­ing rev­enues of $48.8 mil­lion in­cludes a $22.6 mil­lion con­tri­bu­tion from the State Gov­ern­ment for set­tle­ment un­der the Perry Lakes Re­de­vel­op­ment Act.

The Town has bud­geted al­most $20 mil­lion for cap­i­tal works in­clud­ing $2.8 mil­lion for the Wem­b­ley Golf Course minia­ture golf as part of the new $11 mil­lion hos­pi­tal­ity and func­tion cen­tre now un­der con­struc­tion and due for com­ple­tion in the first quar­ter of the 2016-17 fi­nan­cial year.

More than $1 mil­lion has also been put aside to com­plete re­fur­bish­ments at the Wem­b­ley Sports Park Pav­il­ion and con­struc­tion of a new pav­il­ion which, ac­cord­ing to an up­date on the Town’s web­site in May this year, is on track.

The over­all project, which will in­clude a new hall, kitchen and bar, home and away change rooms, tiered spec­ta­tor seat­ing, stor­age fa­cil­i­ties and re­fur­bished public toi­lets, will cost $3 mil­lion.

Im­mi­nent vic­tory: Wests Scar­bor­ough on their way to win­ning the match after ex­tra time.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.