Central Coast Australia

Central Coast News

Administrator puts rate rise on the table

By Central Coast Council
Posted: 29 Nov 2020
Image by 3D Animation Production Company from Pixabay
Central Coast Council will notify the Independent Pricing and Regulatory Tribunal (IPART) of its intention to prepare an application or a one-off Special Rate Variation (SRV) of 8%

Administrator Dick Persson AM said this did not necessarily mean the application would proceed but if one wasn't lodged the opportunity would be lost.

The rate would apply from 2021-22 and remain permanently in the rate base for seven years which plus the 2% annual rate peg increase represents a total rate increase of 10%.

The application for a rate rise is proposed as of part of a suite of measures being considered to address the cash-flow and financial challenges Council is experiencing.

The need for the extraordinary meeting, at this time, came from IPART's deadline whereby applications need to be notified by 27 November 2020.

"I want to assure the community that this is not a done deal. It remains one of the options on the table," Administrator Persson said.

"We need to keep our options open here as a rate rise may be needed to ensure our community can continue to receive the services they want and need.

"IPART is a completely independent process and the community will be consulted on a rate rise if we go down that path. We can't put rates up on our own.

"We are exploring all other options as well including the sale of assets, borrowings, a reduction in our management structures and restrictions on spending which will all help our bottom line."

 
Helado | Espresso & Gelato Bar | Ettalong Beach Helado | Espresso & Gelato Bar | Ettalong Beach Helado | Espresso & Gelato Bar | Ettalong Beach The Coast's Best Place for Gelato, Sundaes and Waffles!!

Recent News

Central Coast Primary Care to provide Scholarships for Aboriginal students
Central Coast Primary Care to provide Scholarships for Aboriginal students
Local not-for-profit, Central Coast Primary Care, has announced that i...
Central Coast Locals Bring the Show Home as the Live Band in Hit Musical Rent
Central Coast Locals Bring the Show Home as the Live Band in Hit Musical Rent
RENT is currently rocking the Sydney Opera House before it journeys up...
Coastal Twist Festival Selected for a 2nd appearance at Sydney Mardi Gras 2021
Coastal Twist Festival Selected for a 2nd appearance at Sydney Mardi Gras 2021
Mardi Gras is this magic time of year where we all come together as a...
Customs 4 Cancer- Local Businesses Fighting Cancer with Custom Vehicles
Customs 4 Cancer- Local Businesses Fighting Cancer with Custom Vehicles
WIN CUSTOMS 4 CANCER 1970 CHEVY NOVA
Raffle to be drawn February...
How Fireproof is Your Animal Emergency Plan?
How Fireproof is Your Animal Emergency Plan?
Local Land Services (LLS) is reminding livestock owners to still be prepared...

What's New

Takeaway and Home Delivery
Takeaway and Home Delivery
Waters Edge Seafood Restaurant
The Perfect Family Getaway
The Perfect Family Getaway
Toowoon Bay Holiday Park

Have You Visited

Announcement
The ultimate beachside holiday...Located in the heart of Terrigal ... only a minute's walk from fabulous restaurants and cafes.View Terrigal Beach Apartment »
Contact · Add Your Event · Submit News · Add Your Business · Privacy · Site Map · Website © 2006-2021 Stralia Web