Addressing your future needs

It was announced on 19 May 2015 by the Independent Pricing and Regulatory Tribunal (IPART) that Wollondilly Shire Council's application for a Special Rate Variation was approved in full.  The Special Rate Variation will include a 10.8% per annum rate rise for 4 years which will be retained in the rate base after this four year period.

 

 

 

Deteriorate - No Special Rate Variation Stabilise - Special Rate Variation 8.5% per annum over 4 years Improve - Special Rate Variation 10.8% per annum over 4 years

Rates would increase by the annual rate peg amount (estimated to be around 3% per annum)

This would result in an $80 million shortfall over 10 years

This would have the following impacts:

Our infrastructure would deteriorate further.
This means we will see worsening roads and continuing deterioration of facilities such as playgrounds and community buildings

Council would have virtually no capacity for new captial works (apart from developer contributions and grants). This means Council will have difficulty funding new infrastructure such as kerb and gutter, footpath, shared pathways, open space improvements and new community facilities.

Council would need to consider a significant reduction in a wide range of Council services in order to address the funding shortfall issues.

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Rates would increase by a total of 8.5% per annum (including the annual rate peg amount) over a fixed four year period 2015/16 to 2018/19. At the end of the four year period the Special Rate Variation increase will be built into the rate base.

Reduce the shortfall by generating an additional $54.5 million over 10 years

This would enable:

Council would be able to stablise the current deteriorating condition of our infrastructure as we would be able to fund our maintenance expenditure. This means the current condition of our roads and facilities and other infrastructure will be gradually improved through essential maintenance.

 

Council will have some additional funds (in addition to developer contributions and grants) available to build new infrastructure.

Council could maintain its current range of services.

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Rates would increase by a total of 10.8% per annum (including the annual rate peg amount) over a fixed four year period 2015/16 to 2018/19. At the end of the four year period the Special Rate Variation increase will be built into the rate base.

Eliminate the shortfall by generating an additional $80 million over 10 years

This would enable:

Council would be able to deliver better roads, facilities and other infrastructure sooner as we would increase and bring forward much needed maintenance expenditure. We would also fully implement a preventative maintenance regime to reduce future costs to the community.

 

Council will have more funds available to build new infrastructure.

Council would be able to deliver a wide range of services.

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