Special Rate Variation 2018/19 and 2019/20

 

Like many councils across NSW, Council faces the challenge of how to best maintain services and ageing infrastructure – the cost of which is rising faster than Council’s income.

Following the August 2017 Meeting, Ballina Shire Council resolved to proceed with community consultation on a special rate variation proposal (SRV) above the rate peg set by the NSW Government.

The proposed rate increase has now been approved by the Independent Pricing and Regulatory Tribunal (IPART), for 2018/19 and 2019/20. The total special rate variation is  a 9.1% increase for 2018/19 and a 5.9% increase for 2019/20 (including a rate peg of 2.3% and an estimated 2.5% respectively), which will be a cumulative rate increase of 15.54%.

 
The income from the rate increase will allow Council to renew key infrastructure such as roads, stormwater, playgrounds, and community buildings in a timelier manner and to fund the healthy waterways program.

For more detailed information, please review the links below.

Independent Pricing and Regulatory Tribunal (IPART) NSW 

IPART provides independent regulatory decisions and advice to protect the ongoing interests of the consumers, taxpayers and citizens of NSW. 

Financial and Operational Documents 

As part of the public consultation process, Council will also re-exhibit the Delivery Program/Operational Plan from September to October 2017.

Fit For The Future

The NSW Government established its Fit for the Future Program in 2014 where all Councils in NSW needed to identify how they would comply with a range of financial criteria to demonstrate that they were financially sustainable. In responding to this program, Ballina Shire Council submitted a proposal to increase the general rate income above the standard rate pegging limit for a three year period from 2017/18 to 2019/2020. The proposal was submitted to IPART and Ballina Shire Council was identified as Fit for the Future. Both submission and determination documents are available below :

FAQs

 

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