Shire says no rates hol­i­day for main street busi­nesses

Augusta Margaret River Times - - NEWS -

The Shire of Au­gusta-Mar­garet River says it has con­sid­ered and ruled out for now the idea of a rates hol­i­day for main street land­lords set to be hit by next year’s re­de­vel­op­ment. Shire chief ex­ec­u­tive Gary Ever­shed said it had pre­vi­ously been sug­gested and con­sid­ered.

How­ever, Mr Ever­shed said main street busi­nesses would ben­e­fit from the fin­ished up­grade and there was no guar­an­tee a year off rates for land­lords would flow through to traders in re­duced rents. “De­pend­ing upon the ex­tent of any con­ces­sion, there would be a sub­stan­tial im­pact upon the Shire’s rat­ing rev­enue, which would need to be made up from other ar­eas, as over $1 mil­lion in rate rev­enue is cur­rently ob­tained from main street busi­nesses,” he said.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.