Warrnambool and Mansfield get a nod for higher rates
04 June 2019
Two of Victoria’s smaller councils have had higher rate caps approved after making their case to exceed the 2.5 per cent limit set by the Minister for Local Government.
The commission has approved Warrnambool City Council’s application to increase rates by 4.5 per cent for two years (2 per cent over the cap) to raise an extra $3.4 million for spending on assets including bridges, footpaths, cycleways and parks. Mansfield Shire Council’s application to transfer $1.2 million from waste charges into general rates was also approved.
The commission head of price monitoring and regulation Marcus Crudden says while Warrnambool originally applied for three years, but the commission has limited it to two.
“The commission recognised that Warrnambool had identified significant challenges in the short term, but said it needs to do more in the medium term to stabilise its financial position.”
“We expect council to continue its program of service reviews and community engagement as it strives to identify a pathway to financial stability,” he said.
Estimated average impact 2019–20 (excluding 2.5% cap)*
Warrnambool City Council
4.50 per cent (2 per cent above the cap) for two years (2019–20, and 2020–21) = $3.4 million additional revenue.