General News
30 June, 2024
Rise rise, budget adopted by council
A 2.75 per cent rate rise in Loddon Shire was confirmed by councillors at their monthly meeting on Tuesday. Councillors also approved the 2024-2025 budget after being told no submissions had been received from residents on the draft documents. The...
A 2.75 per cent rate rise in Loddon Shire was confirmed by councillors at their monthly meeting on Tuesday.
Councillors also approved the 2024-2025 budget after being told no submissions had been received from residents on the draft documents.
The Budget will see a capital expenditure program of $6.96 million, which includes $3.51 million towards roads, $100,000 for parks and streetscapes and $500,000 for recreation and community facilities.
Council has also included a $300,000 allocation for works associated with the building asset management plan and full funding of council’s ongoing commitment to community planning of $750,000.
There is also flood restoration works budgeted of $20 million, which is in addition to the $20 million budgeted in 2023-2024.
Mayor Gavan Holt said: “The budget includes a rate increase of 2.75 per cent. This is in line with the Fair Go Rates System which has capped rate increases by Victorian councils. Council has also identified a number of significant cost and revenue impacts during the budget process which it has had to take into consideration. These include the continued delivery of flood restoration works (and) council’s desire to continue to support Community Planning to drive strategic outcomes from a community level.”