Budget delivers record investment in infrastructure

25 June 2014

Council will increase investment in community infrastructure, pay off debt and maintain the same level of service while keeping rates low.

Mayor Cr Laurence Evans said he was proud of Bayside City Council’s 2014/15 budget.

“Council has worked hard to find savings right across our operations so that we could deliver on the things that matter most to the community and keep rates low.

“We’ve increased spending on infrastructure by 20 per cent to $27 million to improve recreational facilities, community buildings, parks and foreshore.

“Over the next year we will deliver some exciting projects to enhance our foreshore, parks and gardens and ensure that our buildings and other infrastructure meet community needs.

“We will pay off another $2.2 million in debt, ensuring Council remains financially sustainable and is able to increase its investment in community facilities over time.

“And we’ve maintained service levels with less than 1 percent increase in costs by identifying cost saving opportunities and productivity improvements.

“Rates have increased by a modest 3.9 per cent in keeping with our commitment to keep rate increases as low as possible,” Cr Evans said.

Individual property rates are based on the value of each property relative to the value of other properties in Bayside. All properties in Bayside were revalued on 1 January 2014 as required by law.

In the past two years Bayside properties have increased in value by an average of 1%. This does not affect the total rates to be collected.

Results indicate that property values have increased most in Cheltenham and Beaumaris. Rates will increase by more than the 3.9% average in these areas to reflect the adjustment in the share of rates to be paid by property owners in these suburbs.

Page last updated: 26 Jun 2014