Zero rates increase in Nillumbik Shire Council's 2020-21 Budget
Published on 24 June 2020
Nillumbik Shire Council has adopted its 2020-2021 Budget, including a zero increase in property rates for the coming year. The Budget was adopted at last night's Ordinary Meeting of Council.
Council's endorsement of the Budget also means the charges for its new waste collection services have been set, thereby offering residents a new range of options for the service.
Mayor Karen Egan said the adoption of the 2020-21 Budget was the result of a lengthy period of consideration, brought on by the economic effects of the COVID-19 pandemic.
"The onset of the COVID-19 pandemic meant that a whole new range of factors which could not have been anticipated when the draft Budget was first released for public comment, had to be taken into account as part of our decision-making process in adopting the Budget," Cr Egan said.
"The economic impact of the pandemic has affected so many in our community - as it has large parts of the broader community.
"Because of the significant financial impact on households and businesses in our Shire, Council has come to the sensible, considered and compassionate decision not to increase Rates in the coming year."
Chair of Finance and Governance Councillor Bruce Ranken said the decision to freeze the Rates increase was due to good financial management.
"This decision reflects the solid foundations put in place by this Council through astute financial management, good decision-making and a strong track record in attracting state and federal funding," Cr Ranken said.
Key items in the Budget include:
• Zero per cent Rates increase (State Government mandated cap is 2 per cent);
• $35.8 million in capital works projects, of which $16.5 million will be funded through external grants and contributions;
• Proposed borrowings of $3.3 million to partly fund capital works programs and provide options to leverage any grant opportunities available during the financial year; and
• The setting of charges for Council's expanded range of kerbside waste collection options.