View resources that aim to help councils apply for a higher cap, meet our reporting requirements and comply with the rate cap set by the minister or an approved higher cap.
Guidance for councils applying for a higher cap
Councils seeking a higher cap need to apply for a higher cap by 31 March each year.
The application needs to set out:
- the proposed higher cap for each specified financial year
- the reasons why the council is seeking the higher cap
- how the views of ratepayers and the community have been considered in proposing the higher cap
- how the higher cap is an efficient use of council resources and represents value for money
- whether other funding options have been considered and why those options are not adequate
- that the assumptions and proposals in the application are consistent with the council’s long term strategy and financial management policies.
Key dates in the higher cap applications process
We follow a consistent timeline for each higher cap application cycle. Dates listed here are approximate.
|Item||Deadline (each year)|
|The Minister for Local Government publishes the rate cap in the Victoria Government Gazette||Date determined by the minister|
|Councils seeking approval for a higher cap may notify us about their intention to apply*||31 January|
|Councils submit their applications for a higher cap, which we publish on our website||1 February to 31 March|
|We assess council applications||February to May|
|We notify councils about our findings||Within two months of receiving a council's higher cap application|
|Councils formally adopt their budgets||No later than June|
* Councils are not required to complete this step. The ‘intention to notify’ date is intended to help smooth the application process by providing councils early advice and support.