Proposed 2021/22 rates model open for public comment
04 May 2021
The City is now inviting submissions from the community after endorsing the proposed rating model for the 2021/22 financial year.
Coming in the wake of Council's decision in 2020/21 to freeze rates due to the COVID-19 pandemic, the modest increase of 0.9% proposed is less than the forecasted Consumer Price Index, or current inflation rate.
City of Karratha Mayor Peter Long said the City’s strong financial position allows council to endorse a minor increase.
“Council has endorsed a proposed rates model with an increase half the size of the projected figure of 1.8% identified in the City’s Long Term Financial Plan and equates to roughly 40 cents per week for the average residential ratepayer,” Cr Long said.
“Our strong financial management has led to a low proposed increase despite increased costs for the City for 2021/22, including a 3% increase in utility and insurance costs totalling roughly $262k and an increase in the cost of materials and services from contractors.
“Council has worked hard to reduce its reliance on rates, with most of its revenue sourced from government grants, the private sector, fees and charges.
“The rating model reflects the minimum amount required to maintain and improve the growing number of services and facilities we provide to the community including the Dampier Palms and Hampton Oval redevelopment, Bayly Avenue redevelopment and significant planned upgrades for the Karratha Leisureplex and Kevin Richards Memorial Oval.”
If endorsed, the rating model will generate $44.7 million or approximately one third of the City’s total funding requirements for 2021/22.
The rating model is now being advertised to seek feedback from rate payers and is available here: https://karratha.wa.gov.au/public-notifications