Proposed rate model released for 2019/20
18 Apr 2019
The model proposes a modest increase of two per cent, which is lower than the 2.1 per cent increase identified in the City’s Long Term Financial Plan.
If implemented, this would be the fourth consecutive year the City has introduced a rates increase below the Australian Consumer Price Index.
City of Karratha Mayor Peter Long said the proposed model meets the anticipated revenue requirements while responding to changing economic conditions.
“Council’s annual community survey demonstrates that while the community is happy with the City’s performance, they would like to see more and better services delivered by the City,” Cr Long said.
“The proposed rating model would meet the anticipated rise in revenue requirements, which includes the maintenance of new facilities such as the Red Earth Arts Precinct, Karratha Tourism and Visitor Centre, Wickham Community Hub, Balyarra Parkway and Dampier Palms and Hampton Oval foreshore redevelopment,” Cr Long said.
“Council has worked hard to reduce its reliance on rates, with the majority of its funding sourced from government grants, the private sector, fees and charges.
“Despite the significant increases in operating expenditure to maintain facilities and deliver enhanced services, the overall funding required from rates is on par with previous years.”
The proposed rating model will generate $41.5 million or approximately one third of the City’s total funding required for 2019/20.
The City will now seek public feedback on the proposed model with a final decision made in May.